Swiss Swatch Group increased its net profit by 66.5% following the results of the first half of the year

The Swiss Swatch Group, the world's largest watch manufacturer, in the first half of 2018 increased its net profit by 66.5% to 468 million Swiss francs. Operating profit amounted to a record since 2015 629 million francs, increases by 70%. Experts had expected the figure at 612 million francs. The growth of indicators was due to the active demand for watches in Asia. The company increased revenue by 14.7% to 4 billion 270 million francs for six months. Profitability by the operating profit rose to 14.7% from 10% a year earlier, by the net profit - to 11% from 7.6%. Capitalization of the Swatch Group since the beginning of the year increased by 20% to 24 billion 900 million francs.

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