Is The Hour Glass still a good buy?

SINGAPORE (July 1): For the financial year ended March 31, The Hour Glass reported a 4% decline in total revenue and other income to $707.5 million. Earnings declined 10% to $52.3 million.

(See: Hour Glass’ FY16 earnings down 10% to $52.3 mil)

According to Michael Tay, co group managing director of The Hour Glass, the company’s performance was also affected by the Swiss National Bank’s decision to abandon a ceiling on the Swiss franc in January last year.

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