Closures hurt Oriental Watch

PUBLISHED : Thursday, 21 August, 1997, 12:00am
UPDATED : Thursday, 21 August, 1997, 12:00am

Oriental Watch Holdings said attributable profit for the year to March 31 fell 1.9 per cent to $40.57 million, hurt by the closure and renovation of a number of retail outlets. Turnover climbed 19.5 per cent to $1.3 billion, and earnings per share fell 1.7 per cent to 16.8 cents.