Independent journal on economy and transport policy
12:03 GMT+1
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Genting HK closed the first semester with a net loss of -742.6 million
The revenues of the cruise and navalmechanical group have plummeted by -69.0% percent
August 28, 2020
The effects of the coronavirus pandemic have had a noticeable impact on the economic account of the first half of 2020 of the Genting Hong Kong Group which mainly operates cruise activities with Star Cruises, Dream Cruises and Crystal brands Cruises and shipbuilding business with the brands MV Werften and Lloyd Werft. Overall, revenues amounted to 226.2 million, down -69.0% percent on the first half of 2019. EBITDA was a negative sign for -204.1 million compared to a positive EBITDA for 76.9 million in the first six months of last year. Operating result and net economic result were both negative and equal to -232.2 million and -742.6 million respectively versus negative sign results for -38.3 million and -56.5 million in the first half of the year. of 2019.
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