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Public company info - EGL Holdings Company Limited , 06882.HK
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EGL Holdings Company Limited, 06882.HK - Company Profile
Chairman Yuen, Man Ying
Share Issued (share) 502,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Travel & Tourism
Corporate Profile Business Summary: The principal activities of the Group comprise provision of package tours, free independent travellers (“FIT”) packages, individual travel elements (together with FIT packages referred to as “FIT Products”) and ancillary travel related products and services as well as the ownership, development and management of hotel business. Performance for the year: Gross profit margin of the Group increased from 17.7% to 18.1%. Revenue decreased by 2.7% from approximately HK$1,776.6 million in 2018 to approximately HK$1,728.3 million in 2019, gross profit decreased by 0.9% from approximately HK$315.3 million in 2018 to approximately HK$312.5 million in 2019. Profit attributable to owners of the Company decreased by 59.8% to approximately HK$14.0 million in 2019 (2018: HK$34.8 million). Basic earnings per share for profit attributable to owners of the Company for 2019 was HK2.79 cents (2018: HK6.93 cents). Business Review Package tours Revenue from package tours mainly represents tour fees received from customers for outbound package tours. The main source of the Group’s revenue is derived from package tours, which contributed 84.9% to the Group’s total revenue during 2019 (2018: 84.2%). Japan-bound package tours remain the major source of the Group’s revenue, which contributed 52.1% (2018: 52.2%) to the Group’s total revenue during 2019. Demand for Japanbound package tours was weakened by deteriorating general economic conditions and market sentiment in Hong Kong, number of customers decreased from 98,679 in 2018 to 91,718 in 2019, whilst revenue decreased by 2.8% from approximately HK$927.0 million in 2018 to approximately HK$900.7 million in 2019. Nevertheless, gross profit and gross profit margin increased slightly by 0.5% and 0.5 percentage point respectively as compared to 2018 by adopting competitive pricing strategy towards the market changes. Impact of deteriorating general economic conditions and market sentiment in Hong Kong affected not only the performance of Japan-bound package tours, but also hindered the efforts put on performance of non-Japan-bound package tours. Non-Japanbound package tours contributed 32.8% (2018: 32.0%) to the Group’s total revenue during 2019. Number of customers for non-Japan-bound package tours decreased from 82,202 in 2018 to 77,900 in 2019 and revenue decreased slightly by 0.5% from approximately HK$569.9 million in 2018 to approximately HK$567.0 million in 2019, whilst gross profit and gross profit margin increased by 1.8% and 0.3 percentage point as compared to 2018. Notwithstanding that tours bound to long haul destination were still well-perceived by customers where reducing number of terrorist attacks in 2019 stimulated customers’ sentiments, the improved results were eroded by decline in demand for tours bound to Southeast Asia region impacted heavily by deteriorating general economic conditions and intensifying impacts of social instability, and tours bound to Australia impacted heavily by catastrophic bushfire in the second half of 2019 and cessation of certain flight routes or reduction of scheduled flights by airlines. Fit Products and Ancillary Travel Related Products and Services Revenue from FIT Products and ancillary travel related products and services mainly represents income from sale of air tickets, hotel accommodation, public transportation tickets, theme park admission tickets, commission income from travel insurance services and handling fees for remittance services provided to souvenir and merchandise suppliers in Japan. Subject to influence by intensive market competition from budget airlines and online sales platforms and deteriorating general economic conditions and market sentiment in Hong Kong, revenue from FIT Products and ancillary travel related products and services decreased by 11.2% from approximately HK$212.5 million in 2018 to approximately HK$188.8 million in 2019, it contributed 10.9% (2018: 12.0%) to the Group’s total revenue during 2019. Gross profit decreased by 8.9% whilst gross profit margin increased by 0.9 percentage point as compared to 2018. Hotel Operation The Group’s first hotel, Osaka Hinode Hotel, provides quality hospitality services for guests worldwide. In April 2019, hot spring bath building beside Osaka Hinode Hotel starts to commence its operation which enables guests to enjoy hot spring with relaxation near the hotel. Revenue from hotel operation mainly represents income generated from letting the hotel rooms, which contributed 4.2% to the Group’s total revenue during 2019 (2018: 3.8%). On the Company’s continual endeavour to provide guests with unique and comfortable Japanese-style accommodations, higher average hotel room occupancy rate was recorded from 59.9% in 2018 to 69.3% in 2019. Revenue increased by 6.8% from approximately HK$67.2 million in 2018 to approximately HK$71.8 million in 2019 whilst gross profit increased by 4.3% from approximately HK$49.9 million in 2018 to approximately HK$52.1 million in 2019, despite gross profit margin decreased slightly by 1.8 percentage points. Prospects: As always, the Group does its utmost to enable its customers to obtain unique and tailored travel experience through its quality services and products in well-diversified business mix. Following the operation of the Group’s first hotel “Osaka Hinode Hotel” in November 2017, the Group is now constructing a new hotel in Okinawa with construction work commenced from March 2019 as disclosed in the Company’s announcement dated 12 March 2019, and it is expected that the hotel construction work will be completed and put into operation in the fourth quarter of 2020. In 2019, the Group released a new brand “Guru & Guru” which allows its customers to customise their itineraries on their preferences, it is expected that more new product mix and featured products will be developed and explored.

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