Sa Sa International Holdings Limited ( (HK:0178) ) has issued an update.
Sa Sa International Holdings Limited has issued a profit warning, projecting a significant decline in profits for the year ending March 2025 compared to the previous year. This decline is attributed to a 10%-11% drop in turnover, primarily due to changing travel habits and a strong US dollar affecting tourist spending in Hong Kong and Macau. The company plans to close 18 physical stores in Mainland China to focus on online operations, aiming for an asset-light model to enhance efficiency. Despite these challenges, the company expects an increase in profit after tax in the second half of the financial year, excluding one-time store closure provisions.
More about Sa Sa International Holdings Limited
Sa Sa International Holdings Limited is a company incorporated in the Cayman Islands, primarily operating in the beauty and cosmetics retail industry. The company focuses on the Hong Kong and Macau markets, with a significant portion of its sales coming from these regions, while also maintaining a strong online presence in Mainland China.
YTD Price Performance: -15.94%
Average Trading Volume: 3,309,008
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.8B
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