The Hour Glass

Hour Glass to acquire Brisbane property for $30 mil

Property

Hour Glass to acquire Brisbane property for $30 mil

SINGAPORE (July 4): Luxury watch retailer The Hour Glass announced Thursday that its Australian subsidiary has entered into a sale and purchase agreement to acquire a freehold building at 190 Edwar

Buybacks

Henry Tay of The Hour Glass transfers shares to son Michael

SINGAPORE (June 24): Henry Tay, executive chairman of The Hour Glass, has transferred 25 million shares to his son, managing director Michael Tay.

Results

Hour Glass posts 41% jump in FY19 earnings to $70.4 mil; recommends 3.00 cents per share dividend

SINGAPORE (May 28): Luxury watch retailer The Hour Glass saw its full-year earnings climb 41% to $70.4 million for the FY19 ended March, from $49.8 million a year ago.

Corporate moves

Henry Tay of The Hour Glass buys shares; price hits year-high amid earnings growth

SINGAPORE (Apr 29): Dr Henry Tay Yun Chwan, executive chairman of watch retailer The Hour Glass, bought 0.5 million shares via an off-market deal on April 3.

Results

Hour Glass reports 29% rise in 3Q19 earnings to $18.3 mil on higher sales and other income

SINGAPORE (Feb 14): Retailer of luxury watches The Hour Glass reported a 29% rise in 3Q19 earnings ended Dec to $18.3 million from a year ago.

Results

Hour Glass 2Q earnings up 26% to $13.5 mil on better sales and margins

SINGAPORE (Nov 13): The Hour Glass reported earnings of $13.5 million, or 3.94 cents per share, for the 2Q18 ended Sept, 26% higher than a year ago.

Timepieces

NOMOS Tangente 'Red Dot': Singapore price and review

(Oct 4): A year ago, NOMOS partnered The Hour Glass to introduce the special edition NOMOS Red Dot worldtimer.

In print this week

How the trade war has impacted our portfolio this year

SINGAPORE (Aug 10): The trade war has become a reality as the US and China have imposed 25% tariffs on each other’s products worth US$34 billion ($46.4 billion) each.

Results

The Hour Glass 1Q earnings double to $14.2 mil on improved consumer sentiment

SINGAPORE (Aug 2): The Hour Glass has announced earnings of $14.3 million for the 1Q ended June, doubling from its 1Q18 earnings of $7 million due to improved margins and higher revenue.

Results

The Hour Glass sees FY18 earnings rise 2% to $49.8 mil on better margins

SINGAPORE (May 22): The Hour Glass, the purveyor of luxury watches, announced FY18 earnings increased 2% to $49.8 million from $48.7 million in FY17.

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