Summary by Moomoo AI
Salsa International Holdings Limited announced unaudited sales data for the fourth quarter ended March 31, 2024. For the period, Group revenue fell 4.1% to HK$1,040.9 million, offline sales decreased 8.7% to HK$864.7 million and online sales increased 27.1% to HK$176.2 million. Offline sales in Hong Kong and Macau returned to 42.5% from pre-pandemic levels, while online sales in the Mainland of China grew 67.5% to HK$109.5 million. Revenue in the Southeast Asian market fell slightly by 1.6%, but Malaysia's offline sales grew by 5.8%. The Group's number of stores decreased slightly and will continue to expand its online business through WeChat widgets. The Board of Directors cautions that the above data is unaudited and may not reflect the overall performance over the entire reporting period.