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

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

Revenue for the FY18 ended March was 1% lower at S$691.6 million, from S$696.1 million a year ago.

But gross margin for FY18 increased to 24.2% compared with 22.7% last year, due to its ongoing business reengineering that resulted in notable improvement in...(click on link for full story on