Swatch H1 Profit Up 25%

Swatch Group AG SWGAY reported a 25% surge in its first-half profit. Swatch's net profit for the period rose to 724 million Swiss francs ($731 million), versus CHF579 million, in the year-ago period. Its net sales jumped more than 15% to CHF3.68 billion. Swatch shares closed at $18.36 yesterday.