Swatch Group 2012 Net Income Rises 26%

Swatch Group AG (OTC: SWGAY ) reported a 26% rise in its full-year net income. Swatch Group's annual profit surged to 1.61 billion Swiss francs ($1.77 billion), versus estimates of CHF1.49 billion. Swatch Group shares closed at $28.60 on Friday. (c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights