Swatch's 2009 profit beats forecasts
Swatch Group, the world's largest watch maker by sales, posted a forecast-beating full-year profit yesterday and maintained a positive outlook for 2010, easing worries a flagging economic recovery may hit demand.
Net profit fell nine per cent to SF763 million (Dh2.6 billion), ahead of the average forecast of SF698 million given in a Reuters poll of analysts.
Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here.
View on Emirates24|7