Time Watch Investments (HKG:2033) incurred an attributable loss of HK$10.9 million for the six months ended Dec. 31, 2024, compared with an attributable profit of HK$11.5 million in the year-ago period, a Thursday bourse filing said.

Basic loss per share in the interim period was HK$0.005, whereas the company had made earnings per share of HK$0.006 a year prior.

The watch manufacturer's revenue fell by 21% to HK$343 million in the first fiscal half from HK$432 million in the corresponding period of the last fiscal year.

The firm attributed the lower revenue mainly to a decline in revenue from the sales of Tian Wang Watch business.