EGL Holdings Reports Revenue Growth Amidst Declining Profit Margins

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

EGL Holdings Company Limited reported its annual financial results for the year ended December 31, 2024, showing a 19.5% increase in revenue to HK$1,632,532,000 compared to the previous year. Despite the revenue growth, the company’s profit attributable to owners slightly decreased by 1.3% to HK$70,744,000. The results indicate a decrease in profit margins across the board, with gross profit margin falling to 22.9% from 24.9% and net profit margin decreasing to 4.3% from 5.2%. The company’s gearing ratio improved, with total borrowings over total assets decreasing to 47.2%, suggesting a more stable financial position. However, the overall comprehensive income for the year decreased to HK$51,189,000, reflecting challenges in maintaining profitability despite revenue growth.

More about EGL Holdings Company Limited

EGL Holdings Company Limited is incorporated in the Cayman Islands and operates in the travel and tourism industry. The company is listed on the Stock Exchange of Hong Kong and focuses on providing travel-related services.

YTD Price Performance: 7.02%

Average Trading Volume: 494,579

Technical Sentiment Signal: Sell

Current Market Cap: HK$306.5M

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