Salem Radio Network News Saturday, July 31, 2021

Business

Swatch Group reports improving sales during first half of 2021 -AWP

ZURICH (Reuters) – Swatch Group reported sales of 3.39 billion Swiss francs ($3.70 billion) during the first six months of 2021, Swiss news agency AWP reported on Monday, up from 2.19 billion francs the company posted a year earlier.

The maker of Longines, Tissot and Omega watches said its net profit increased to 270 million francs, turning around a 308 million franc loss in 2020.

Swatch, which is soon to be relegated from the Swiss blue chip index, did not respond to requests for comment from Reuters.

($1 = 0.9155 Swiss francs)

(Reporting by John Revill; editing by David Evans)

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