Full-year net profit for The Hour Glass dips 7%

Entrance of Malmaison by The Hour Glass, located at Knightsbridge, Orchard Road.
Entrance of Malmaison by The Hour Glass, located at Knightsbridge, Orchard Road.PHOTO: THE HOUR GLASS

SINGAPORE - Luxury watch retailer The Hour Glass said that full-year net profit dipped 7 per cent to $48.7 million, compared with a year ago.

Revenue dipped 2 per cent to $696 million for the 12 months to March 31.

Quarterly earnings per share was 6.91 cents, compared with 7.42 cents a year ago, while net asset value per share was 68 cents as at March 31, compared with 62 cents as at March 31 last year.

A final dividend of two cents was proposed.

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