Sasa resumes dividend payments as profit soars
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Sasa resumes dividend payments as profit soars

THE WHAT? Sasa has announced its results for the 2023/24 financial year. The Hong Kong-based retailer saw turnover climb 24.8 percent to HK$4,367.5 million as Mainland tourists returned, while gross profit soared 27.3 percent yoy to HK$1,783.4 million.

THE DETAILS Given the Group has returned operations to a solid footing and profitability, the board determined a final dividend of HK$0.05 per share for the financial year, representing approximately 70 percent of the profit for the year and anticipates maintaining a steady dividend policy going forwards.

THE WHY? Dr Simon Kwok, Chairman and Chief Executive Officer of the Group, explains, “We are halfway through calendar 2024 and the retail environment remains challenging. However, the Group believes that with economic recovery and the strengthening consumption power in Mainland China as well as the gradual improvement of the policies on facilitating the development of the economy and tourism in Hong Kong and Macau, I retain a positive outlook over the long-term future.

“Sa Sa’s reputation for authentic and premium products, our team of beauty consultants who deliver attentive member engagement, and our strong product-sourcing capability will see us standout amid the intensifying competition. Last but not least, the Group will continue to reduce our carbon footprint and work together with our stakeholders to achieve our sustainability goals that are embedded within our overall business strategy.”

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