Sa SA International Holdings Ltd (OTCPK:SSILF)
$ 0.1434 0 (0%) Market Cap: 299.01 Mil Enterprise Value: 329.12 Mil PE Ratio: 13.75 PB Ratio: 1.64 GF Score: 55/100
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Half Year 2022 Sa Sa International Holdings Ltd Earnings Call Transcript

Nov 18, 2021 / 08:45AM GMT
Release Date Price: $0.22
Siu Ming Kwok
Sa Sa International Holdings Limited - Executive Chairman & CEO

Ladies and gentlemen, welcome to Sa Sa's online investors presentation for the 6 months ended 30 of September 2021. In the first half of the year, the group's turnover for continuing operations grew by 24% to HKD 1.6 billion. Thanks to improved sales and gross profit margin in the core markets of Hong Kong and Macau SARs as well as the effective implementation of cost reduction plans, the loss narrowed to HKD 182 million from HKD 242 million in the same period last year. The improvement is even greater when government subsidies, rental concessions and store impairments are excluded from both periods.

In the Hong Kong SAR, the retail market was still dominated by local customers. We have been working hard to stimulate local customer sales by strengthening our product portfolio and enhancing promotions as well as capitalizing on the government's consumption voucher scheme to boost sales to local customers.

In the Macau SAR, where the border with Mainland China reopened in September last year, the group's

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