Archive
Genting HK H1 profit boosted by stake sale, asset revaluation
Genting Hong Kong says it expects to report H1 profit of about $180 million, about 8 times more than the $23 million it made during the same period of last year, boosted mainly by the sale of its stake in Norwegian Cruise Line Holdings in March.
The company said in a Hong Kong Stock Exchange filing that the figures are preliminary and it will report full results in August.
The company earned $153 million from the sale of the cruise line stake, as well as a further $15 million from the revaluation of certain financial assets. Stripping out the extraordinary gains, profit will be about $12 million, about half of the year-ago level. It gave no further details.
Related articles
Latest Intelligence
Latest issue
PATA CEO sees slow recovery, but optimism for future
AGB Podcasts
Open in new windowView settings
Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.
Enquiries
Submit your EnquiryContact us
ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264
Asia Gaming Brief