Oriental Watch Holdings Limited Provides Earnings Guidance for the Six Months Ended September 30, 2013
results of the company and its subsidiaries for the six months ended September 30, 2013, it is expected that the Group's operating profit for such period will be substantially lower than that for the six months ended September 30, 2012 mainly as a result of a decrease in turnover and drop in gross profit margin due to the slow down of demand in the luxury goods market both in Hong Kong and Mainland China, keen competition and increase in general stock provision.