Sa Sa International Holdings (HKG:178) Full Year 2024 Results
Key Financial Results
- Revenue: HK$4.37b (up 25% from FY 2023).
- Net income: HK$218.9m (up 276% from FY 2023).
- Profit margin: 5.0% (up from 1.7% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: HK$0.071 (up from HK$0.019 in FY 2023).
178 Sales Performance
- Like-for-like sales growth: 36.3% vs FY 2023.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sa Sa International Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 18%.
The primary driver behind last 12 months revenue was the Hong Kong & Macau segment contributing a total revenue of HK$3.41b (78% of total revenue). Notably, cost of sales worth HK$2.58b amounted to 59% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to HK$1.30b (83% of total expenses). Explore how 178's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Specialty Retail industry in Hong Kong.
Performance of the Hong Kong Specialty Retail industry.
The company's shares are down 6.4% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Sa Sa International Holdings that you need to take into consideration.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com