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The Hour Glass' 1HFY2021 earnings fall 15% to $29.7 mil

Felicia Tan
Felicia Tan • 2 min read
The Hour Glass' 1HFY2021 earnings fall 15% to $29.7 mil
For the 1HFY2021, the board of directors has approved an interim dividend of 2 cents per share, payable on Nov 27.
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Luxury watch retailer The Hour Glass reported earnings of $29.7 million for the 1HFY2021 ended September, down 15% from $35.0 million a year ago.

This brings earnings per share (EPS) to 4.22 cents for the half-year period, lower than the 4.96 cents posted a year ago.

Total revenue fell 24% y-o-y to $289.8 million, mainly due to the disruption in business operations from Covid-19.

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