India, July 3 -- Watches of Switzerland Group PLC (WOSGF), a luxury watches and jewelry company, on Thursday recorded a decline in pre-tax income for the full year, mainly due to higher expenses and exceptional impairment of assets. However, the Group posted a rise in revenue, helped by improved demand and a surge in luxury jewelry sales.
For the 12-month period to April 27, the company registered a profit before tax of 75.9 million pounds, lower than 92.1 million pounds last year. Excluding items, pre-tax income was 136.1 million pounds, higher than previous year's 128.9 million pounds.
Net income was 53.8 million pounds, or 22.7 pence per share, compared with 59.1 million pounds, or 24.8 pence per share, a year ago. Adjusted income per ...