The luxury watch retailer said that higher operating expenses incurred were due to the increase in the depreciation of property, plant and equipment compared to the same period last year.
The Hour Glass has reported earnings of $75.7 million for the 1HFY2025 ended Sept 30, up 23% y-o-y.
Revenue for the first half of the year came in 14% y-o-y higher at $615.4 million, while gross margin improved to 30.8%.
