By and  on July 22, 2014

PARIS — Swatch Group blamed a negative currency environment, high marketing expenses and a fire at one of its manufacturing plants for an 11.5 percent drop in first-half net income to 680 million Swiss francs, or $763.2 million.

Operating profits sank 8.8 percent to 910 million Swiss francs, or $1.02 billion, while operating margin came in at 20.2 percent, down 250 basis points from the same period a year earlier.

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