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Sa Sa International Profit Climbs

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advance5 June 25, 2010 (Chinavestor) Sa Sa International (0178.HK), Hong Kong's largest cosmetics seller, notched its biggest gain in a month after saying its profit for the year ended in March surged 21% to $49 million. Sales rose 10% to almost $423 million despite the fact that the company is contending with higher rents for many of its retail locations.

Sa Sa International (0178.HK) also said that the prospect of an appreciating Chinese Yuan will be a win for the company. Sa Sa International (0178.HK) said the rising Yuan and higher wages for Chinese workers will boost purchasing power for Chinese consumers, an appealing scenario for Sa Sa International (0178.HK) because the company does business in mainland China in addition to Hong Kong.

Today’s share-price gain boosted Sa Sa’s climb this year to 19.7 percent, compared with a 5.6 percent decline in the Hang Seng Index, according to Bloomberg News.



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