EGL Holdings Forecasts Strong Profit Growth

EGL Holdings Company Limited (HK:6882) has released an update.

EGL Holdings Company Limited anticipates a robust 62% year-on-year increase in net profit for the first half of 2024, with a preliminary figure of about HK$34 million, driven by a surge in revenue and gross profit from its travel and hotel businesses. This financial uplift is credited to the recovery of the tourism sector, an upswing in international travel, and a favorable Japanese yen exchange rate boosting tourist arrivals in Japan. The company cautions that these preliminary results are unaudited and subject to change, advising shareholders and potential investors to await the detailed semi-annual results expected in late August 2024.

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