Home Capital Results

Hour Glass posts 29% rise in 2Q earnings to $10.7 mil on improved consumer sentiment

PC Lee
PC Lee11/7/2017 5:50 PM GMT+08  • 2 min read
Hour Glass posts 29% rise in 2Q earnings to $10.7 mil on improved consumer sentiment
SINGAPORE (Nov 7): The Hour Glass has reported a 29% rise in 2Q18 earnings to $10.7 million from $8.3 million in 2Q17.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Nov 7): The Hour Glass has reported a 29% rise in 2Q18 earnings to $10.7 million from $8.3 million in 2Q17.

The retailer of luxury watches says improved consumer sentiment in selective markets in the region and the pickup in overall economic activity in key markets contributed to the group’s gains, says The Hour Glass, suggesting that luxury brands still have room for growth despite current challenging business conditions.

Revenue for the three months to Sept rose 6% to $173 million. Gross margin was 22.2%, up from 21.4% a year ago. Profit after tax was $10.9 million, an increase of 27% compared to 2Q17.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.