Independent journal on economy and transport policy
06:57 GMT+2
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Profit warning of Genting Hong Kong
the group previews to close the first semester with a net loss comprised between -60 million and -75 million dollars
August 2, 2016
The group malaysian Genting Hong Kong, than work mainly in the fields tourist, hotel and crocieristico and that own activity in the shipbuilding segment of the naval one has recently widened, has announced a review to the decrease of the esteem of the attended clearly consolidated economic result for the first semester of this year, result that - the group has announced - will have a value clearly negative comprised between -60 million and -75 million dollars respect to a profit for the shareholders of 2,1 billion dollars recorded in the first semester of 2015.
Genting Hong Kong has emphasized that the decrease of the economic result is attributable mainly to the absence of extraordinary proceeds in order almost 1,6 billion dollars deriving from the reclassification of the investment of the group malaysian in the crocieristico group Norwegian Cruise Line Holdings (NCLH) recorded in May 2015 and of proceeds for about 600 million dollars produced to the sale of share quotas in the same NCLH happened in the course of the first semester last year. To this - it has specified Genting Hong Kong - sum the effect of the extraordinary costs for the start of the new crocieristici marks Dream Cruises and Crystal Cruises and of other costs between which those for integration in the group of recently acquired activities, included those in the navalmeccanico field.
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