Sa Sa International (00178) said its net profit for the six months ended 30 September 2014 dropped 4.9% year-on-year to HK$339.8 million.
Its basic and diluted earnings per share were HK11.9 cents.
The turnover was HK$4,226 million, an increase of 8.4% from a year earlier. Retail sales in Hong Kong and Macau rose 10.2% to HK$3,386.1 million. The Group's gross profit margin decreased from 47% to 44.6%.
As a result of the ongoing occupy movement in Hong Kong, FY2014/15 quarter-to-date (i.e. period up to 16 November 2014) retail sales growth of Hong Kong and Macau has slowed to 0.4% year-on-year (FY2013/14 third quarter: +18.9%) while same store sales dropped by 2.4% year-on-year (FY2013/14 third quarter: +15.8%).
The proposed interim and special dividend is HK5 cents (2013: HK4.5 cents) and HK4 cents (2013: HK4.5 cents) per share, payable on or around 19 December.
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