For the first quarter from 1 April to 30 June 2024, SA SA INT'L (00178.HK) -0.010 (-1.250%) 's turnover declined by 9.8% YoY to $944 million, mainly due to headwinds in its core markets of Hong Kong and Macau, according to SA SA INT'L (00178.HK) -0.010 (-1.250%) 's announcement.
Of which, offline sales decreased by 20.07% to $743 million, while online sales increased by 71.37% to $201 million, representing 21.3% of the Group's total turnover for the quarter, compared to 11.2% for the same period in 2023.
The Group explained that the online sales growth was mainly due to the robust growth of online business in the Mainland China market from $52 million in the same period last year to $135 million during the current period.
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