Sa Sa posts 55pc growth in interim net profit

Cosmetic retailer Sa Sa International (0178) reported nearly 55 percent year-on-year growth in its interim net profit to HK$50.2 million, thanks to the increasing visitors.

It declared an interim dividend of 1.15 HK cents, a growth of 53 percent from the previous year.

Turnover increased by 6.6 percent to HK$1.99 billion during the period, mainly due to the continued growth of tourist arrivals in Hong Kong and Macau.

Its offline turnover rose 8.3 percent to HK$1.59 billion, while revenue from online businesses inched up 0.2 percent to HK$397.2 million.

In Hong Kong and Macau, sales grew 9.4 percent to HK$1.53 billion, with same-store sales increasing 11.4 percent in the regions. 

However, mainland online turnover dropped 11.8 percent to HK$227.2 million after it closed all physical stores.

Its Southeast Asia businesses recorded turnover of HK$224 million, marking an 11.4 percent growth, while that of its same-store sales went down 0.6 percent amid tariff concerns.

The company also posted an 11.3 percent growth in its total turnover for the third quarter ended in November.