Swatch (SWGAY.PK) reports that its profit rose 26% Y/Y to 1.6B Swiss francs ($1.8B) in Q4 as the...

|About: Swatch Group AG ADR (SWGAY)|By:, SA News Editor

Swatch (SWGAY.PK) reports that its profit rose 26% Y/Y to 1.6B Swiss francs ($1.8B) in Q4 as the company kept its margins moving in the right direction. CEO Nick Hayek says the firm expects to see double-digit growth in China as the Swiss watch market continues to move into new markets.