Hour Glass Group clocks best result with S$76.2m earnings for FY2020

Singapore

LUXURY watch retailer The Hour Glass Group has clocked its best performance to date, as it reported earnings of S$76.2 million for the full year ended March 31.

The listed retailer's net profit rose 8 per cent year-on-year, helped by stronger income in the first-half of the financial year. In a regulatory filing on Monday, the company's financial statements showed that after-tax profit jumped 26 per cent in the six months to last September. But the second-half of FY2020 saw net profit weaken by 3 per cent.