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Headwinds Continue for The Hour Glass 1H 2017

The Hour Glass Logo

From the 1H FY2017 financial results below, we can see how much the current economic downturn has hurt the luxury business. On a positive note, the Group’s balance sheet remains robust with consolidated net assets of $444.2 million with cash and cash equivalents of $85.3 million.

Unaudited 1H FY2017 Results

For the Period ended:

3 Sep ’16

$’000

30 Sep ’15

$’000

Change %
Revenue 311,298 334,659 (7%)
Profit Before Taxation 21,734 25,049 (13%)
Profit After Taxation 16,885 20,722 (19%)
Earnings per Share (cents) 2.34 2.85 (18%)

The Hour Glass has businesses in Singapore, Hong Kong, Japan, Australia, Thailand and Malaysia. Read More

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