Summary by Futu AI
Sa Sa Int'l Holdings Limited announced its annual performance for the year ended March 31, 2024, with revenue up 24.8% from the same period last year to HKD 436.75 million. Sales in Hong Kong and Macau offline channels have increased by 35.1% to 320.73 million Hong Kong dollars, and online sales in mainland China have also recorded a growth of 74.5%. The Group's gross profit increased 27.3% year-on-year to HKD 178.34 million and gross margin increased to 40.8%. After effective cost control, the Group's pre-tax loss of HKD 14.4 million last year turned into a pre-tax profit of HKD 266.7 million in the current year. The basic earnings per share are 7.1 Hong Kong cents. The board of directors recommends a final dividend of 5.0 Hong Kong cents per share. This year, the Group opened its first store in Singapore and will open four more stores in Singapore after the fiscal year. Sa Sa Int'l said it will continue to optimize operational efficiency, and focus on developing exclusive brands to enhance competitiveness and profitability.
