Swatch profit up 22%, but investors disappointed - National Jeweler

Although Swatch Group AG reported a record-breaking net profit last year of more than 1 billion Swiss francs (about $1.01 billion), investors expected better results, reports CNNMoney.com. Specifically, the watchmaker's profits increased 22.3 percent in 2007 to 1.01 billion Swiss francs (about $1.02 billion), much improved from its 2006 profit of 827 million Swiss francs (about $835 million).

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Posted by Posted by Jewelry News at Wednesday, March 19, 2008 7:35 AM
Categories: Swatch
 

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