Hong Kong's Sa Sa International slips after fiscal HY results

Sa Sa International Holdings

17/11/2022 06:23

** Shares of cosmetics chain operator Sa Sa International
Holdings Ltd  0178.HK  fall as much as 6.1% to HK$1.07, their
biggest daily pct decline since Oct. 24 
    ** Stock on course to snap four straight sessions of gains
    ** Company says its turnover fell 2.9% year-on-year to
HK$1.55 bln ($198.03 mln) for six months ended in September, as
COVID-19 outbreaks in mainland China and in Macau prompted
lockdowns and disrupted its operations  urn:newsml:reuters.com:*:nFWN32C3O4
    ** Says interim net loss narrowed to HK$133.2 mln from
HK$181.6 mln loss in the same period a year ago on effective
cost control measures, but the retail sector is expected to
remain under pressure amid an arduous operating environment 
    ** Says its retail and wholesale turnover for Oct. 1-Nov. 10
period decreased by 1.5% as compared to the same period last
year
    ** The Hang Seng Commerce & Industry Index  .HSNC  drops
3.3%, the Hang Seng Consumption Index  .HSCGSI  falls 2.3%, and
the Hang Seng Index  .HSI  declines 2.4%
    ** As of last close, the stock has fallen 31.7% this year
($1 = 7.8269 Hong Kong dollars)
 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))