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Swatch Group SA (SWGAY.PK)

SWGAY.PK on OTC Markets Group

12.97USD
28 Jul 2016
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Thu, Jul 21 2016

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Swatch sees recovery in rest of year after first-half profit plunge

ZURICH Swatch Group said on Thursday it expected a recovery in the second half after first-half net profit plummeted 52 percent to 263 million Swiss francs ($267.2 million) as lower sales and the absence of cost cuts hit the world's biggest watchmaker.

UPDATE 1-Swatch sees recovery in rest of year after H1 profit plunge

ZURICH, July 21 Swatch Group said on Thursday it expected a recovery in the second half after first-half net profit plummeted 52 percent to 263 million Swiss francs ($267.2 million) as lower sales and the absence of cost cuts hit the world's biggest watchmaker.

Swatch H1 profit falls 52 pct, sees recovery in rest of year

ZURICH, July 21 Swatch Group said on Thursday it expected a recovery in the second half of 2016 after net profit plummeted 52 percent to 263 million Swiss francs ($267.19 million) in the first half as lower sales and the absence of cost-saving measures hit the world's biggest watchmaker's bottom line.

Swatch warns profit to dive, French attack darkens outlook

ZURICH Swatch Group , the world's largest watchmaker, warned investors that profit would at least halve in the first six months of the year after sales fell in Hong Kong and Europe, sending its shares sharply lower. | Video

Travel stocks fall after France attack, weigh on European shares

* Richemont shares also dragged lower by Swatch (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)

UPDATE 3-Swatch warns profit to dive, French attack darkens outlook

* Shares tumble, adding to losses this year (Recasts first paragraph, updates shares)

Travel stocks fall after France attack, weigh on European shares

LONDON, July 15 The shares of European travel and leisure companies fell on Friday, weighing on the region's stock markets, after an attack in the French city of Nice that killed more than 80 people.

European luxury goods shares fall, Swatch hits 6-1/2-year low

LONDON, July 15 European luxury goods firms fell sharply on Friday, with Swatch slumping 13 percent to its lowest in 6-1/2 years after the world's biggest watchmaker warned its first-half profit would drop by 50-60 percent.

BRIEF-Swatch Group CEO says French market likely to stay difficult

* CEO says sees improvement in H2 due to positive development in Mainland China, Olympic Games, favourable base effect

Swatch Group warns on H1 profit as sales seen down 12 pct

ZURICH, July 15 Swatch Group warned its first-half profit would slide 50-60 percent on dwindling sales in important markets Hong Kong and Europe.

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