EGL Holdings Company Limited provided group earnings guidance for the full year ended December 31, 2019. The board of directors of the Company announced that the Group expects to record a significant decrease in profit attributable to owners of the Company for the year ended 31 December 2019 by approximately 60% as compared to that of the year ended 31 December 2018 (the audited profit attributable to owners of the Company for the year ended 31 December 2018 amounted to approximately HKD 34,817,000). Such expected decrease is mainly attributable to (i) the increase in operating expenses of the Group's hotel business, which mainly arises from the increase in depreciation of property, plant and equipment following the completion of the construction work of the Group's hot spring bath building in March 2019; and (ii) the decrease in revenue and gross profit of the Group's travel business in the second half of 2019 due to the deteriorating general economic conditions and market sentiment in Hong Kong during the second half of 2019.