All data are based on the daily closing price as of May 20, 2024

Lion Travel Agency Achieves Record Profits in Q3 Post-Listing

Taiwan
l 2731.TW Mid and Small Cap 2000
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Lion Travel’s Q3 performance was bolstered by a rebound in outbound tourism and high demand for summer vacations and corporate incentive travel, resulting in revenue recovery to 85% of pre-pandemic levels. Japan and Europe were standout destinations, with European line revenue rebounding to 90% of pre-pandemic levels.

Benefiting from prudent cost control measures and a favorable currency exchange rate, Lion Travel also achieved high gross and net profit margins. The company’s decision to forgo a cash capital increase in its subsidiary, Lutianxia International United Travel Service, is expected to yield positive non-industry income recognition in Q4, contributing to an estimated per-share earnings of over 5.6 yuan in the same period.

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