The Hour Glass earnings up 110% for 1HFY2022, to pay interim dividend of two cents

“The COVID-19 pandemic continues to cause periodic disruptions to social and business activities,” notes the company in its earnings commentary.

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“However, consumer sentiment within the watch industry remains positive. With the present momentum, the group expects to continue to be profitable in 2H FY2022, and for the full financial year.”

Its cash and equivalents as at Sept 30 was $246.8 million, versus $206.9 million as at Sept 30 2020.

As at Sept 30 2021, its net asset value was 0.98 cents per share, versus 0.97 cents per share as at March 31.

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The company is maintaining its interim dividend of two cents per share – same as this time last year.

The Hour Glass shares last traded at $1.93, up 138.27% year to date.