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Name | Symbol | Market | Type |
---|---|---|---|
Swatch Group AG (PK) | USOTC:SWGAY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.11 | 1.07% | 10.41 | 10.28 | 10.45 | 10.47 | 10.3112 | 10.46 | 94,850 | 21:05:21 |
By Nathan Allen
Swatch Group AG (UHR.EB) said Wednesday that its first-half net profit rose sharply due to higher sales by all brands and in all price segments.
Net profit for the first half rose more than 70% to 458 million Swiss francs ($459.2 million) from CHF269 million a year earlier, while sales rose 15% to CHF4.27 billion, the company said.
Sales rose in all regions, led by strong growth in Asia and a double-digit increase in North America, Swatch said.
Looking ahead, the company said the second half of the year promises further growth and market-share expansion
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
July 18, 2018 02:02 ET (06:02 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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