Related News
Robust growth on mainland lifts Sa Sa net
By Pan Xiaoyi |
00:00 UTC+8 November 28, 2009
|
Print Edition
Print Edition
SA Sa International Holding yesterday said its profit soared 40.9 percent year on year in the first half of its fiscal year ended September 30, helped by robust growth on Chinese mainland, which erased doubts the cosmetic retailer could replicate its success in Hong Kong and Singapore on the mainland.
Its total turnover rose 8.3 percent from a year earlier to HK$1.76 billion (US$227 million) in the first half of its fiscal year. In comparison, Sa Sa's total turnover jumped 70.2 percent to HK$42.2 million and its same store revenue climbed 14.6 percent on the mainland in the same period, the cosmetic retailer said in a statement to Hong Kong stock exchange.
The performance on the mainland dismissed the market's doubts that Sa Sa would be successful on the mainland, as it expanded slowly and prices were higher compared with the discounted prices in its Hong Kong and Singapore stores.
Its online platform, Sasa.com, also performed admirably with turnover jumping 63.3 percent in the first half from a year ago to HK$111.9 million.
Sa Sa said it will open seven more stores on the mainland by March to bring the total to 20.
Its total turnover rose 8.3 percent from a year earlier to HK$1.76 billion (US$227 million) in the first half of its fiscal year. In comparison, Sa Sa's total turnover jumped 70.2 percent to HK$42.2 million and its same store revenue climbed 14.6 percent on the mainland in the same period, the cosmetic retailer said in a statement to Hong Kong stock exchange.
The performance on the mainland dismissed the market's doubts that Sa Sa would be successful on the mainland, as it expanded slowly and prices were higher compared with the discounted prices in its Hong Kong and Singapore stores.
Its online platform, Sasa.com, also performed admirably with turnover jumping 63.3 percent in the first half from a year ago to HK$111.9 million.
Sa Sa said it will open seven more stores on the mainland by March to bring the total to 20.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
