Oriental Watch Archives - Inside Retail Asia
Oriental Watch has shrugged off the impact of ongoing Hong Kong protests, with sales down a mere 1.1 per cent and improved gross profit in the half year to September.
Oriental Watch Holdings sold fewer watches in the six months to September, but at a higher margin.
Reduced rents and higher margins have boosted profits for retail group Oriental Watch Holdings.
Hong Kong-listed timepiece retailer Oriental Watch Holdings has reported stronger margins on lower sales.
Oriental Watch Holdings has advised it expects a “substantially higher” profit for its latest year.
Oriental Watch Holdings has recorded a 10-fold increase in profit in its latest quarter.
Oriental Watch achieved a turnaround for its latest financial year, mainly because of an improved watch market in China.
A turnaround following last year’s loss is expected by Oriental Watch.
Turnover and profit have eased for Oriental Watch Holdings over the six months to September 30.
Hong Kong listed retailer Oriental Watch has reported a 2.5 per cent decline in sales – and a loss of HK$16 million in its full year result.