Sasha's medium-term loss of 36.5 million yuan from October to mid-month turnover fell 30%

Financial News

Written by: Lin Leqian

2019-11-21 12:57

Sasha (0178) announced its interim results as of the end of September, with a loss of RMB 36.5 million for the first half of the year and a profit of RMB 202 million for the same period last year. The loss per share was 1.2 HK cents and no dividend was paid.

During the period, turnover decreased by 15.7% to 3.494 billion yuan, and turnover of Hong Kong and Macau fell by 19.4% to 2.814 billion yuan. The group said that Hong Kong and Macao fell 12.7% in the first quarter of the Sino-US trade war and the devaluation of the renminbi against consumer spending. The social event further deteriorated and fell 35.4% in the second quarter. Among them, the number of transactions from Mainland China visitors in the Hong Kong and Macau markets fell by 25.3% year-on-year, which reduced the overall transaction volume by 14.9% and the number of transactions by local customers by 1.7%.

As for the third quarter from October 1 to November 18, the turnover decreased by 31.6% compared with the same period of last year, and the same store sales fell by 39.1%.

As of the end of September this year, the number of retail outlets in Sa Sa Hong Kong and Macau was 118, which was the same as at the end of March. The total number of stores was 265, which was 9 fewer than the 274 at the end of June.

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