HK-listed Sa Sa International rises on turnaround in results

Sa Sa International Holdings

15/06/2023 07:28

** Shares of cosmetic chain operator Sa Sa International
Holdings Ltd  0178.HK  rise as much as 5.4% to HK$1.55, their
highest since May 29
    ** Stock on course for the biggest one-day pct rise since
June 2, if gains hold
    ** Co says net profit for fiscal year ended March 2023 at
HK$58.2 mln ($7.4 mln) against net loss of HK$343.7 mln year-ago
    ** Says growth momentum in Hong Kong and Macau has
continued, with sales for Q1 of current fiscal up about 51% YoY
    ** Hang Seng Commerce & Industry Index  .HSNC  rises 2.4%
and Hang Seng Consumption Index  .HSCGSI  surges 2.7%
    ** Hang Seng Composite Index  .HSCI  climbs 1.2% and Hang
Seng Index  .HSI  adds 1.4%
    ** As of last close, the stock had fallen 19.2% this year

($1 = 7.8265 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))