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Home / Taxonomy / Term

The Hour Glass

Results

The Hour Glass earnings up 23% y-o-y to $75.7 mil for 1HFY2025

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%.

November 14, 2025

Results

The Hour Glass Group’s earnings down 13% y-o-y to $135.8 mil despite y-o-y revenue growth

Increased operating expenses, driven by inflationary pressures on rents and wages, combined with a fair value adjustment on investment properties, led to earnings decline.

May 23, 2025

The Hour Glass proposes to acquire SPV in Australia for A$90 mil - THE EDGE SINGAPORE

M&A

The Hour Glass proposes to acquire SPV in Australia for A$90 mil

The acquisition is expected to enlarge The Hour Glass’ client base in Australia and also derive “operating synergies”

April 07, 2025

Billion Dollar Club 2024

The Hour Glass stays sector top as it finds 'new equilibrium'

Overcoming the challenges of the pandemic was its “greatest achievement” and a “defining moment” for The Hour Glass

November 12, 2024

The Hour Glass sees lower demand amid market uncertainties; sticks to fundamentals - THE EDGE SINGAPORE

Luxury

The Hour Glass sees lower demand amid market uncertainties; sticks to fundamentals

The Hour Glass sticks to what it does best amid market uncertainties.

October 24, 2024

Michael Tay, group managing director of The Hour Glass, tells us more about IAMWATCH

Timepieces

A celebration of artisanal independent watchmaking

Michael Tay, group managing director of The Hour Glass, tells us more about IAMWATCH

October 03, 2024

Property

Hour Glass to acquire units in Tong Building for $68.5 mil

The group says the acquisition is part of The Hour Glass’ strategy to “invest in high quality assets which will complement the group's commercial properties in the region”.

September 26, 2024