By Neil MacLucas

ZURICH--Swatch Group AG (UHR.VX) on Thursday reported a 19% decline in net income as the Swiss franc's appreciation and negative interest rates in Switzerland weighed on its business.

Biel-based Swatch, which owns Omega, Longines and Tissot, said net profit for the six months ending June 30 fell to 548 million Swiss francs ($575 million) from CHF680 million a year earlier.

Net sales increased 2.2% to CHF4.19 billion from CHF4.1 billion over the same period.

-Write to Neil MacLucas at neil.maclucas@wsj.com

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