Chow Sang Sang Holdings International LimitedHKEX: 116

Chow Sang Sang Holdings International: Turnover and profit declined sharply, but gross margin and cash position remained strong

· Issued by Chow Sang Sang Holdings International Limited

Turnover fell 15% and profit attributable to owners dropped 20% amid weak demand and high gold prices. Gross margin improved to 28.3% and the group continued consolidating its store network, focusing on high-end and omni-channel strategies. Net gearing was 29.7% and the dividend payout ratio was 43%.

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