Independent journal on economy and transport policy
06:14 GMT+1
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Genting Hong Kong has closed 2016 with a net loss of -504,2 million dollars
the field of the cruises has recorded a EBITDA pairs to 62,8 million dollars (+44.5%)
March 17, 2017
The crocieristico, tourist group and navalmeccanico Genting Hong Kong has concluded 2016 with revenues pairs to 1,02 billion dollars, with an increment of +47.4% regarding 689,9 million dollars in the exercise anniversary precedence. The EBITDA has turned out of sign negative and pairs to -91,0 million dollars respect to an EBITDA positive for 6,2 million dollars in 2015.
Genting has closed the 2016 with a net loss of -504,2 million dollars respect to a profit clearly of 2,11 billion dollars in 2015. At the beginning of this year the group had preannounced the important loss previewed in the budget 2016 that - it had specified - is consequent to the extraordinary burdens for the launch of the new crocieristici marks Dream Cruises and Crystal Cruises and to other superventions ( on 24 January 2017).
Last year in the single crocieristico field, in which the group of Hong Kong work with the marks Star Cruises, Dream Cruises and Crystal Cruises, pairs to 908,1 million dollars are recorded revenues, with an increase of +39.1% on the year precedence, and an EBITDA, to costs clearly correlated to new ships for Dream Cruises and Crystal Cruises, of positive sign pairs to 62,8 million dollars respect to a positive result for 43,4 million dollars in 2015. Al improvement of the results has contributed the inclusion in the budget of the contribution for the entire year supplied from Crystal Cruises, company whose acquisition has been capacity to term to May 2015 ( on 3 March 2015), and to the launch of the brand Dream happened Cruises at the end last October.
In the 2016 revenues generated from the not crocieristiche activities of the group they are piled to 108,6 million dollars, with an increment of +192.5% to which they have contributed above all to the activities of repair and naval conversion that have entered to take part of the group with the acquisition of the German ship yards of Wismar, Warnemunde and Stralsund that have been places under the common denomination MV Werften ( of the 11 July 2016).
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The crocieristico, tourist group and navalmeccanico Genting Hong Kong has concluded 2016 with revenues pairs to 1,02 billion dollars, with an increment of +47.4% regarding 689,9 million dollars in the exercise anniversary precedence. The EBITDA has turned out of sign negative and pairs to -91,0 million dollars respect to an EBITDA positive for 6,2 million dollars in 2015.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
