Swatch First-Half Profit Declines to Lowest in Seven Years

Updated on
  • Swatch says slump in Hong Kong retail sales has bottomed out
  • Swatch sees full-year results close to previous year’s
Photographer: Chris Ratcliffe/Bloomberg

Swatch Group AG, the maker of Omega and Tissot timepieces, reported its lowest first-half profit in seven years as demand cratered in Hong Kong, France and Switzerland.

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