The Hour Glass FY2019 profit up 41% at S$70.4m

Singapore

THE Hour Glass saw net profit surge 41 per cent to S$70.4 million for the year ended March 31, up from S$49.8 million the year before, the luxury watch retailer announced after market close on Tuesday.

Revenue for the year was S$720.9 million, up 4 per cent from S$691.6 million the year before, which the company attributed to "positive consumer sentiment and steady growth across its regional retail network".