The Hour Glass' (SGX:AGS) profit attributable to owners of the company was down 20% year over year to SG$61.4 million for the fiscal first half ended Sept. 30 from SG$77.0 million, according to a filing with the Singapore Exchange on Tuesday.
Earnings per share came in at SG$0.0946 compared to SG$0.1171 in the year-ago period.
The luxury watch retailer's revenue decreased by 3% to SG$540.3 million from SG$558.4 million a year earlier, as operating costs increased during the period.
The board approved an interim dividend of SG$0.002 per share for the period.
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