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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
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
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
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
Timepieces
The Hour Glass introduces IAMWATCH: A new community engagement platform for watch enthusiasts
The Hour Glass introduces IAMWATCH, an intimately scaled 4-day programme in The Singapore EDITION hotel.
July 23, 2024
Results

The Hour Glass reports lower net profit of $157.6 mil for FY2024, after change in New Zealand's tax regulation
Michael Tay, group managing director said that the FY2024 results reflect a cooling-off period in the high-end watch industry.
May 28, 2024
Results

The Hour Glass reports earnings of $77 mil for 1HFY2024, down 9% y-o-y
The Hour Glass has recommended an interim dividend of 2 cents per share for 1HFY2024.
November 14, 2023








