Sa Sa International's (HKG:0178) turnover fell by 11% in the third quarter of 2024 to HK$975.9 million, a Friday bourse filing said.
Of this, offline sales fell by 15% to HK$780.9 million, while online sales rose by 7.5% to HK$195 million.
The lower turnover was mainly due to a sluggish macroenvironment, northbound and overseas travel of local residents, and restrained consumption by Mainland Chinese tourists entering Hong Kong and Macau.
As of Sept. 30, the beauty products retailer had 178 retail stores across Hong Kong and Macau, Mainland China, and Southeast Asia.
Shares of the company closed nearly 3% higher on Friday.
Price (HKD): $0.74, Change: $+0.020, Percent Change: +2.78%
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