
The world's biggest watch group Swatch said Thursday its first half net profits soared 24.5 percent to 579 million francs (503 million euros, $722 million), setting a fresh record for the company. Sales for the period also beat records previously set a year ago to reach 3.362 billion francs, up 11.4 percent. "The outlook for the group in the second half of the year remains promising, particularly given the fact that July is confirming the trend in sales and results of the first half," said Swatch. Nevertheless, the group acknowledged that the strong Swiss franc would "further negatively impact" its sales growth and net profit. For the first half, Swatch said the franc had a negative impact of 387 million francs when compared to 2010 rates.
GMT 17:56 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 19:16 2018 Saturday ,13 January
China shuts Marriott website over Tibet error, scolds other firmsGMT 17:31 2018 Thursday ,11 January
UK group bids for Europe's biggest aluminium smelterGMT 17:24 2018 Thursday ,11 January
UK supermarket Sainsbury's lifts outlook after bumper ChristmasGMT 17:52 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusationGMT 19:38 2018 Wednesday ,03 January
Petrobras pay $2.95bn to settle US class action on corruptionGMT 13:49 2018 Wednesday ,03 January
China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval failsGMT 17:47 2017 Sunday ,31 December
BA owner to buy bankrupt Austrian airline Niki
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor