Independent journal on economy and transport policy
13:28 GMT+1
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Genting Hong Kong previews to close the first semester of 2017 with a net loss of 200-220 million dollars
In the first half last year the net loss consolidated era it are pairs to -73,7 million dollars
August 1, 2017
The group Genting Hong Kong previews that own clearly consolidated economic result of the first semester of this year, with the exception of the contributed one produced from the Travellers International Group Hotel, society of the group that is quoted to the Stock exchange of the Philippines and that the achieved economic result in the first six months of 2017 has not still announced, will be of sign negative and comprised between -200 million and -220 million dollars respect to a consolidated net loss of -73,7 million dollars totaled in the first half of 2016.
The group of Hong Kong has explained that such worsening is attributable mainly to the operating result of sign negative achieved from own crocieristico brand Crystal Cruises who is consequence of an accentuation of the competitive pressure in the market in which work the crocieristica company, in which the ability to the fleet of cruise ships of luxury has recorded an increment of +13.7%, let alone to the most elevated costs than marketing and to the most important costs than starter correlated to the new fluvial cruiser boats for the Crystal Cruises brand and to the airline Crystal AirCruises.
Moreover on entire the first half of this year they weigh the burdens of starter of the new navalmeccanico pole of the Genting, with the creation of the new brand MV Werften under which the German ship yards of the group of Hong Kong operate ( of the 11 lugliio 2016), financial costs that in the 2016 have had a single impact on two months of the first half of the year, and burdens of amortization and other relative burdens to the new cruise ship Genting Dream and the ship yards.
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The group Genting Hong Kong previews that own clearly consolidated economic result of the first semester of this year, with the exception of the contributed one produced from the Travellers International Group Hotel, society of the group that is quoted to the Stock exchange of the Philippines and that the achieved economic result in the first six months of 2017 has not still announced, will be of sign negative and comprised between -200 million and -220 million dollars respect to a consolidated net loss of -73,7 million dollars totaled in the first half of 2016.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
