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listed cosmetic chain Sa Sa hits 4-week peak on strong earnings

<html xmlns="http://www.w3.org/1999/xhtml"><head><title>BUZZ-HK-listed cosmetic chain Sa Sa hits 4-week peak on strong earnings</title></head><body>

** Shares of cosmetic and skincare products chain operator Sa Sa International Holdings 0178.HK jump 10.5% to HK$0.84, their highest since May 21, and on track for a third consecutive session of gain

** Stock on course for biggest one-day pct rise since Feb. 22, if trend holds

** Sa Sa says net profit for fiscal year ended in March jumped to HK$218.9 mln ($28.05 mln) from HK$58.2 mln in the previous year, with turnover up 24.8% to HK$4.37 bln, as mainland tourists returned on reopening of boundaries with China

** Co says Q1 turnover for April 1 to June 16 period down 9.5% YoY to HK$812.5 mln and its recovery has been interrupted as local residents continued to travel to Southern China during weekends and to Korea, Japan and Europe for longer holidays

** The Hang Seng Consumption Index .HSCGSI drops 2.3%, the Hang Seng Composite Index .HSCI falls 0.8% and the Hang Seng Index .HSI eases 0.7%

** Stock down 21.8% YTD

($1 = 7.8053 Hong Kong dollars)

Reporting by Donny Kwok


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