Chinese C&T consumption boosts Sa Sa profits
Asian cosmetics retail group Sa Sa International Holdings Limited has announced a phenomenal 40.9% increase in profit to HK$123.5m for the six months ended 30 September 2009, as compared to HK$87.7m in the same period of 2008. Meanwhile consolidated turnover amounted to HK$1,764.6m, an increase of 8.3%.
Asian cosmetics retail group Sa Sa International Holdings Limited has announced a phenomenal 40.9% increase in profit to HK$123.5m for the six months ended 30 September 2009, as compared to HK$87.7m in the same period of 2008. Meanwhile consolidated turnover amounted to HK$1,764.6m, an increase of 8.3%.
“Turnover and profitability in all markets and business units improved, with markedly higher growth in the online business and markets outside Hong Kong and Macau, despite the global economic downturn and the ongoing H1N1 swine flu pandemic during the period under review,” commented the group’s chairman and ceo Simon Kwok.
Indeed, turnover in Mainland China (where the group opened two new stores in Wuhan and one in Shanghai) grew 70.2% to HK$42.2m.