India, July 21 -- Swatch Group AG (SWGAF,SWGNF,UHRN.SW), a Swiss manufacturer of watches and jewelry, reported Tuesday lower net profit in its first half, but higher profit attributable to shareholders amid increased net sales.
Regarding the current trading, the company reported strong sales acceleration in May and June, with sales up 13.1 percent at constant exchange rates and an operating margin of 8.6 percent.
Looking ahead to the second half of 2026, the firm projects continued growth and improved profitability.
In the first half, the company reported net result of 16 million francs, down from 17 million francs a year ago. Net income attributable to shareholders, meanwhile, grew to 9 million Swiss francs or 0.04 franc per share, high...