Headwinds Continue for The Hour Glass 1H 2017

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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


30 Sep ’15


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