The luxury watch retailer said that higher operating expenses incurred were due to the increase in the depreciation of property, plant and equipment compared to the same period last year.
An interim dividend of 2 cents per ordinary share has been declared.
As at Sept 30, cash and bank balance stood at $196.1 million, and bank borrowings increased to $86.5 million.
Shares in The Hour Glass closed 4 cents lower or 1.905% down at $2.06 on Nov 14.
