SGX-listed The Hour Glass Group has announced its financial results for the fiscal year ending 31 March 2025, reporting a revenue increase to $1.16b, a 3% rise from the previous year. The luxury watch retailer also posted a profit after taxation of $136.1m, reflecting a 14% decrease compared to the previous year. The company has successfully reduced its bank borrowings from $83.9m to $54.8m, strengthening its financial position.
The results, released today, highlight the company’s strategic focus on financial stability and operational efficiency. Despite the challenges posed by fluctuating market conditions, The Hour Glass Group managed to maintain a robust cash and bank balance of $178.7m.
The reduction in bank borrowings is a significant achievement for the company, indicating a strong cash flow management strategy. This financial prudence is expected to provide The Hour Glass with greater flexibility in navigating future market uncertainties.
The company’s comprehensive financial statements, including detailed income and cash flow analyses, have been made available on the Singapore Exchange (SGX) website. These documents provide further insights into the company’s performance and strategic direction.
Looking ahead, The Hour Glass Group remains committed to enhancing its market presence and operational capabilities. The reduction in borrowings and healthy cash reserves position the company well for future growth opportunities and potential market expansions.
“`
