Sa SA International Holdings Ltd (OTCPK:SSILF)
$ 0.1038 -0.0262 (-20.15%) Market Cap: 333.97 Mil Enterprise Value: 364.00 Mil PE Ratio: 11.83 PB Ratio: 2.08 GF Score: 75/100
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Full Year 2021 Sa Sa International Holdings Ltd Earnings Call Transcript

Jun 16, 2021 / NTS GMT
Release Date Price: $0.21
Siu Ming Kwok
Sa Sa International Holdings Limited - Executive Chairman & CEO

Ladies and gentlemen, welcome to Sa Sa's Online Investor's Presentation for the year ended 31st March 2021. The past year was the most difficult one for the world, and Sa Sa was no exception. Our business operations and financial performance were severely affected by the COVID pandemic.

The group's annual turnover declined by 47% to HKD 3.040 billion, loss for the year amounted to HKD 350 million. As a result of the group's stringent inventory management and cost control measures, our inventory decreased by nearly HKD 240 million, while our cash on hand stood at HKD 530 million as at the year-end date, adequate to meet our current operating needs.

The performance of our core market, Hong Kong SAR, was weak throughout the year. This is mainly due to a substantial decline of visitors from Mainland China to almost 0 as a result of global stringent border controls, while local consumption was also affected by social distancing measures. In Macau SAR, the consumption subsidy scheme launched by the government last

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