By  on August 14, 2009

Switzerland’s Swatch Group reported a 28 percent slump in first-half net profits but forecast a pick-up in demand for the second half.

The company said Friday that sales and order levels are showing signs of recovery. The world’s largest watchmaker, best known for its colorful Swatch watches, said sales in the second half of 2009 should be in line with the same period in 2008, with some key brands expected to post higher sales.

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