Summary by Moomoo AI
For the six months ended 30 September 2024, Salsa International's revenue was HK$1920.5 million, down 10.4% year-on-year. Gross profit was HK$756.5 million and gross profit was 39.4%. Earnings for the period were HK$32.4 million and basic earnings per share were HK$1.0 cents. The Board of Directors declared an interim dividend of HK$0.75 cents per share, with a dividend yield of approximately 72%.Management noted that the revenue decline was mainly due to weak macroeconomic conditions in Hong Kong and Macau and increased tourism by local residents. Despite this, online sales in the Mainland of China grew significantly, reaching HK$257.5 million, accounting for 82.7% of total sales in the region. The Group has opened five physical stores in Singapore to further expand the Southeast...Show More
