ORIENTAL WATCH (00398) announced its interim results, with a profit attributable to shareholders of 119 million yuan, a decrease of 13.51% year-on-year.

Oriental Watch (00398) announced its interim results for the six months ending September 30, 2024, with a profit of HK$1.8 billion, a decrease of 2.58% year-on-year; net profit attributable to owners of the company was HK$119 million, a decrease of 13.51% year-on-year; earnings per share were 24.50 HK cents; proposed to distribute an interim dividend of HK 6.1 cents per share and a special dividend of HK 18.5 cents per share. The announcement stated that the weak performance of investment markets in stocks or real estate has dampened consumer sentiment; at the same time, concerns about employment prospects have reduced purchasing power, leading to a general reduction in demand for luxury goods by consumers. As a result, the Group's operations in this period were negatively impacted, with revenue decreasing by 2.6% year-on-year to HK$1.8 billion.