Renewed interest: The results underline the Swiss watch industry’s recovery following a multi-year downturn.
ZURICH: Swatch Group AG, the maker of Omega and Tissot timepieces, reported the highest first-half profit in three years, fuelled by Asian demand and market share gains across its collection of 18 brands.
Operating profit rose 70% to 629 million francs (US$628mil), the Biel, Switzerland-based company said in a statement yesterday. Analysts expected 612 million francs.
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