Macau-Hong Kong retail segment fuels Sa Sa’s revenue growth

Sa Sa International Holdings recorded a nearly 23% year-on-year increase in turnover for the quarter ending June, according to an unaudited filing submitted to the Hong Kong Stock Exchange on Wednesday.

The beauty retail chain’s offline operations in Hong Kong and Macau emerged as the primary growth driver, posting a 31% rise in turnover to approximately MOP929.74 million. That figure represented more than 76% of the group’s total quarterly turnover, which stood at nearly HKD1.18 billion.

In contrast, the company’s online business contracted by 2.9% during the same period, accounting for just 16 % of total turnover.

As of the end of June, the group operated 160 physical stores globally. The filing indicated plans to open six to seven new outlets in Hong Kong, though no specific timeline or locations were disclosed. Of the total store count, 87 are located across the two special administrative regions, while the remaining 73 are situated in Southeast Asia.

Looking at the full fiscal year ending March 31, Sa Sa reported a 14.2% increase in turnover to HKD4.38 billion compared with the previous year.

However, the group’s gross profit margin contracted by 1.3 percentage points to 38.2%. Net profit for the year, meanwhile, surged by 160.5% to HKD200.5 million.