Sincere Watch Revenue Rises, Losses Narrow

Sincere Watch (Hong Kong) (HK:0444) has released an update.

Sincere Watch (Hong Kong) Limited reported a revenue increase of 27.9% to HK$125,647,000 for FY2024, mainly attributed to a rise in watch distribution income. The company also saw a reduced annual loss by 28.9% to HK$195,842,000, thanks to lower fair value changes in investment properties and less impairment on assets, despite not recommending the payment of a final dividend for the year.

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