Watches of Switzerland Group has seen a 181% increase in its pre-tax profits to £20.1 million in the year to April 28th.
Revenue grew by 22.5% to £773.5 million, with like-for-like sales growing by 10% in the UK.
Watches of Switzerland chief executive Brian Duffy said the year had been fantastic for the group, adding, “We have continued our trajectory of strong, profitable growth in our core markets of the UK and the US with an increase in sales of 23% during the year. Current trading remains encouraging and we are confident of meeting the board’s expectations for the financial year ending April 2020.”
The company has also said that the first 11 weeks of the new trading year had been encouraging.
