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Phoenix Tours Reports 10% Profit Growth for First Nine Months, EPS at NT$2.99
Consumer Services · Other Consumer Services · economic_daily · 2026-11-05
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Phoenix Tours announced a net profit of NT$251 million for the first three quarters, driven by strong operational efficiency despite geopolitical headwinds impacting Q3.
What Happened
Financial Performance: Phoenix Tours reported a cumulative net profit of NT$251 million for the first three quarters, marking a 10% year-on-year increase with an EPS of NT$2.99. While total revenue saw a slight decline of 1.7%, a significant surge in non-operating income bolstered the company's bottom line.
Quarterly Headwinds: The third quarter saw a 13.6% decline in net profit to NT$100 million, resulting in an EPS of NT$1.2. The company attributed this dip to geopolitical tensions in the Middle East, which triggered inflation and higher fuel costs, dampening demand for long-haul travel to Europe and the Mediterranean.
Seasonal Outlook: Looking ahead to the fourth quarter, the firm is banking on seasonal travel demand for autumn foliage in Japan and Korea, as well as European Christmas markets. Management expects the upcoming ITF travel fair and strong corporate incentive travel demand to provide a necessary boost to year-end revenue.
Strategic Initiatives: The Board of Directors has implemented a plan to enhance corporate value through improved capital allocation and transparent investor communication. The company remains committed to sustainable growth and long-term competitiveness by focusing on operational stability and refined service offerings.