Swatch posts $714 mn dollar profit
By DPA, IANSTuesday, February 9, 2010
GENEVA - Swiss watchmaker Swatch reported Tuesday a 763 million franc ($713 million) profit in 2009 - an 8.9 percent decline on the previous year’s net income but better than analysts had expected.
The group’s total sales stood at 5.4 billion francs, down 8.1 percent from 2008. Swatch also reported gains in market shares over the last year.
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