Summary by Moomoo AI
Sa Sa Int'l Holdings Limited ("the Company") issues a profit warning, expecting a significant decrease in profit for the six months ending September 30, 2024. Preliminary unaudited data shows that the owner's profit ranges between HK$31 million and HK$35 million, a decrease of about 65%-69% compared to the same period last year's HK$102 million. The profit decline is mainly attributed to a 10%-11% annual decrease in the group's revenue, especially with an 18%-19% decline in sales in the key Hong Kong and Macau markets. This decline is mainly due to more local residents traveling to southern China and overseas, as well as a shift in consumption patterns for mainland Chinese tourists visiting Hong Kong and Macau remains stable. The Company notes...Show More