Independent journal on economy and transport policy
12:03 GMT+1
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Profit warning of the Chineses Genting Hong Kong and CIMC
budget 2016 will be archived item with considerably inferior results to those of the exercise precedence
January 24, 2017
The crocieristico, shipbuilding, tourist group and hotel Genting Hong Kong and the industrial and logistic group Lower International Marine Containers (CIMC) have announced one review to the decrease of the esteem of the results achieved in the exercise anniversary 2016.
Genting Hong Kong, than work in the segment of the cruises with the marks Star Cruises, Dream Cruises and Crystal Cruises and in the shipbuilding field of naval through the German marks Lloyd Werft and MV Werften, has announced that it previews to record exercise 2016 with a comprised consolidated net loss between -500 and -550 million dollars respect to a clearly consolidated profit of 2,1 billion dollars recorded in the exercise precedence ( on 22 March 2016). The company of Hong Kong has explained that such reduction of the result clearly is attributable mainly to the recording in budget 2015 of extraordinary proceeds pairs almost 1,6 billion dollars deriving from the reclassification of the share quotas stopped in Norwegian Cruise Line Holdings in participation available for the sale let alone to the extraordinary burdens for the launch of the new crocieristici marks Dream Cruises and Crystal Cruises happened in 2016 and to other costs.
CIMC it previews to close exercise 2016 with a value of the profit for the shareholders clearly who could turn out annulled or to arrive until 987 million yuan (144 million dollars) respect to a profit for the shareholders almost 2,0 billion yuan totaled in the exercise precedence ( on 29 March 2016). The group has explained that last year the contraction of world-wide the commercial exchanges and the slow down of the economic increase of China has had an impact negative on the activity of the company and in particular on that tied to the transport, the logistics and the chartering of container.
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Genting Hong Kong, than work in the segment of the cruises with the marks Star Cruises, Dream Cruises and Crystal Cruises and in the shipbuilding field of naval through the German marks Lloyd Werft and MV Werften, has announced that it previews to record exercise 2016 with a comprised consolidated net loss between -500 and -550 million dollars respect to a clearly consolidated profit of 2,1 billion dollars recorded in the exercise precedence 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
