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Wednesday, 23rd March 2005 (5963 views)

Swatch has announced operating profit increase to £291 million last year, compared to £265 million in 2003.<br/><br/>The Swiss watchmaker believes the rise in profits was helped by an increase in consumer spending on luxury goods.<br/><br/>However, the increase was below expectations, which Swatch blamed on the weak US dollar.<br/><br/>Swatch makes the Omega, Tissot and Rado brands, as well as its famous colourful plastic products.<br/><br/>The company was positive in its outlook for this year and claimed record sales and results were an encouraging start for 2005.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8099052"/>

 

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