SA SA INT'L (00178.HK) expects double-digit sales growth for 2013
2013-06-20
In response to the question whether the company's sales will be impacted by the slowdown of mainland's economy, SA SA INT'L (00178.HK)'s Chairman and Chief Executive Officer Simon Kwok, said at the result announcement meeting that he was not worried about the sales outlook as the company has a history of more than 30 years in the industry and the cosmetics have been regarded as necessities instead of luxury products.
The company will keep introduce new products and provide services to boost growth. According to a conservative projection, the company's sales are expected to record a double-digit growth this year.
He also mentioned that the company may change the mode for its mainland stores to improve economic efficiency. He was confident that the losses from mainland stores will be gradually narrowed.
Source: AAStocks Financial News