Sa Sa revenue dips

Sa Sa International (0178) recorded a 12 percent drop in revenue to HK$865 million in the last quarter from a year ago.

Sales fell by 59.2 percent compared to pre-pandemic levels but narrowed by 2.9 percentage points from the previous quarter.

Sales in Hong Kong and Macau fell by 6.9 percent to HK$576 million in the quarter ending December. The turnover in the mainland slumped 42.4 percent to HK$44.2 million over the same period.

Sa Sa said it has benefited from improving consumer sentiment after the easing of Covid restrictions in Hong Kong, which led to same-store sales in the city improving by 9.3 percent from a year earlier.

Staff reporter