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SWGAY Swatch Group AG (PK)

10.41
0.11 (1.07%)
05 Jul 2024 - Closed
Delayed by 15 minutes
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

Swatch 1st Half Profit Soars as Sales Rise Across all Brands

18/07/2018 7:17am

Dow Jones News


Swatch (PK) (USOTC:SWGAY)
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   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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