Sa Sa International 4Q Revenue Jumps 31% on Strong Hong Kong Recovery

Sa Sa International Holdings Ltd. (00178.HK) announced fourth-quarter revenue of HKD 1.233 billion, a 30.9 percent increase from the same period last year, driven by a strong recovery in its Hong Kong and Macau markets.

The results were detailed in a filing to the Hong Kong Stock Exchange for the quarter ending March 31. The company's performance points to a sustained rebound in tourist-driven retail spending.

Offline sales, which constitute 86.6 percent of the total, grew 33 percent year-over-year to HKD 1.068 billion. The core Hong Kong and Macau region saw offline sales climb 34.9 percent to HKD 975 million, with same-store sales in these markets surging by 37.2 percent. Online business also posted steady growth, with sales increasing 18.9 percent to HKD 166 million.

The cosmetics retailer ended the quarter with 160 stores, a net increase of four from the prior year. In a separate announcement, Sa Sa projected its full-year net profit for the fiscal year would be between HKD 190 million and HKD 205 million, representing a year-over-year increase of 147 percent to 166 percent.

The strong sales figures, particularly the jump in same-store sales, signal that Sa Sa is effectively capturing the returning tourist traffic in Hong Kong and Macau. Investors will be watching to see if this momentum can be sustained when the company releases its full annual results and provides its outlook for the upcoming fiscal year.

This article is for informational purposes only and does not constitute investment advice.