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Home / Capital / Results

The Hour Glass posts 18% decline in 1Q earnings to $7 mil on one-off expense

Results

The Hour Glass posts 18% decline in 1Q earnings to $7 mil on one-off expense

Michelle Zhu Published on Mon, Aug 14, 2017 / 6:03 PM GMT+8

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SINGAPORE (Aug 14): Luxury watch retailer The Hour Glass Group announced earnings of $7 million for the 1Q18 ended June, down 15% from $8.2 million posted in 1H17 on higher expenses which were largely attributable to a one-time relocation cost.

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