Luxury watch retailer The Hour Glass has reported earnings of $62.6 million for the half year ended Sept 30, up 110% y-o-y. Revenue in the same period was up 62% y-o-y to $477.5 million.

The company was able achieve much better gross margins of 29.3% for the period, versus 26.2% in 1HFY21.

See: Cheng family raises stake in Wing Tai; funds sell PLife REIT and The Hour Glass

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