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The Hour Glass posts 7% drop in full-year profit to S$48.7m

Total revenue and other income dipped one per cent year-on-year to S$703.95 million as regional boutiques of The Hour Glass in nine key cities faced headwinds, including softer consumer sentiment.


TEPID economic growth, subdued trading conditions and waning consumer demand resulted in a decline in full-year profit for The Hour Glass.

The luxury watch retailer on Thursday reported a 7 per cent drop in its net profit to S$48.7 million for the full year ended March 31...

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