By  on March 29, 2012

Movado Group Inc. swung to a fourth-quarter and full-year profit, citing improved brand positioning and refined product lines.

For the three months ended Jan. 31, income attributable to Movado was $10.7 million, or 42 cents a diluted share, against a loss of $31 million, or $1.25, a year ago. Sales rose 21.2 percent to $122.4 million from $101 million.

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