Half Year 2020 Sa Sa International Holdings Ltd Earnings Call Transcript
[Interpreted] Good afternoon, ladies and gentlemen. Welcome to Sa Sa's presentation of its interim results for the 6 months ended 30th September 2019.
The Sino-U. S. trade war, depreciation of the renminbi and the drastic decline in the number of visitors to Hong Kong seriously affected the city's retail markets. The group's revenue in the first half of the year decreased by approximately 16% to around HKD 3,490 million. The group recorded a loss of around HKD 36 million mainly because of our core markets of Hong Kong and Macau incurring a small loss and have not made the profit contribution to the group.
In our core markets of Hong Kong and Macau, the number of Mainland tourists to Hong Kong declined sharply in the second quarter. As a result, the number of transactions with Mainland tourists in the Hong Kong market dropped by more than 50% year-on-year, resulting in a decrease of 35% in the group's retail sales in Hong Kong in the second quarter.
Although the performance in the Macau market
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