Swatch Group’s Profits Fall 9.8%, Despite Rise in Sales, Earnings

The Swatch Group, the world's largest watch producer, on Aug. 20 reported a 9.8% drop in net profits for the half year (ended June 30), to about $139.5 million (231 billion Swiss francs), despite gains in gross sales and earnings. The Biel, Switzerland, conglomerate also said it has lowered its fu

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