Swatch group first half profit growth substantially

the world's largest watch and clock group rui shisi woqi group communique issued on the 14th, the first half of 2007, the group profit rose 39.4 percent to 460 million Mauboussin Watches swiss francs (about 383 million u.s. dollars), exceeding the target.

from january to june, the swatch group turnover also increased by 16.7 percent to 2.739 billion swiss francs. swatch group explained that the turnover increase Longines Watches is mainly because-chi (breguet), n (omega), and other high-end luxury table and watches the movement increased demand. the first half, the group watches and jewellery sector turnover reached 2.113 billion swiss francs, an Movado Watches increase of 20 percent.

swatch said that the current group watches the output of products below the market demand, this group of high profit and turnover will have a negative effect. swatch stressed that the group not only the lack Raymond Watches of professionals, but also the lack of equipment, caused such qiudayugong situation.

the outlook for the second half of the year, swatch group said that from july sales, the second half of the year will be fruitful but the group will continue to carefully deal with investment policies.