Sa Sa Int'l Holdings Limited announced unaudited sales data for the second quarter ended September 30, 2024. The report shows that the group's total revenue was 975.9 million Hong Kong dollars, a year-on-year decrease of 11.0%. Offline sales decreased by 14.7%, while online sales increased by 7.5%, accounting for 20.0% of total revenue. Revenue in the Hong Kong and Macau markets decreased by 16.4%, mainland China market saw a slight increase of 0.9%, and Southeast Asia market grew by 21.1%. Challenges faced by the group include weak macro market conditions, an increase in mainland residents traveling to Hong Kong and Macau, an increase in outbound tourism, and a decrease in mainland Chinese tourists' spending in Hong Kong and Macau. To address these challenges, Sa Sa Int...Show More

Sa Sa Int'l Holdings Limited announced unaudited sales data for the second quarter ended September 30, 2024. The report shows that the group's total revenue was 975.9 million Hong Kong dollars, a year-on-year decrease of 11.0%. Offline sales decreased by 14.7%, while online sales increased by 7.5%, accounting for 20.0% of total revenue. Revenue in the Hong Kong and Macau markets decreased by 16.4%, mainland China market saw a slight increase of 0.9%, and Southeast Asia market grew by 21.1%. Challenges faced by the group include weak macro market conditions, an increase in mainland residents traveling to Hong Kong and Macau, an increase in outbound tourism, and a decrease in mainland Chinese tourists' spending in Hong Kong and Macau. To address these challenges, Sa Sa Int'l is focusing on developing exclusive agency brands in mainland China and enhancing social media promotion. The group also adjusted the number of physical stores, reducing by 12 stores compared to the same period last year. The board of directors reminds that the above data is unaudited and may not reflect the overall performance during the entire reporting period.