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26 April 2019 The on-line newspaper devoted to the world of transports 06:00 GMT+2



April 1, 2019

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In the 2018 group Genting Hong Kong it has reduced the losses

Revenues in increase of +34.4%

The Genting Hong Kong, society that is quoted to the Stock exchanges of Hong Kong and Singapore and that it is active mainly in the crocieristico and hotel field and that of shipbuilding the naval one, has closed 2018 with revenues pairs to 1,60 billion dollars, with an increment of +34.4% regarding 1,19 billion dollars in the exercise anniversary precedence. In the single segment of the cruises the revenues have been pairs to 1,35 billion dollars (+32.7%) and that navalmeccanico to 792,6 million dollars (+310.2%). The EBITDA has turned out pairs to 72,3 million dollars, respect to a sign EBITDA negative for -161,0 million dollars in 2017, with contributed of positive sign and pairs respective to 152,4 million and 3,6 million dollars from the cruises and the ship yards regarding sign contributions both negative and pairs to -43,3 million and -82,5 million dollars in 2017.

In the exercise the 2018 operating result of Genting HK has been of sign negative and pairs to -141,5 million dollars, respect to a sign result negative for -351,5 million dollars in 2017, with sign contributions negative from the cruises for -24,7 million (- 186,1 million in 2017) and from the ship yards for -18,2 million (122,3 million). The company has archived item the 2018 with a net loss of -213,3 million dollars respect to a net loss of -244,3 million in 2017.

In the single second half of the year of the 2018 revenues they have totaled 822,5 million dollars, in increase of +25.0% on the second half of the year precedence, of which 706,5 million from the field of cruises (+29.7%) - the segment in the period has recorded an activity measured in terms of days of cruise for passenger pairs to beyond 2,7 million GCP (+40.1%) - and 656,9 million from the section of ship yards (+397.9%). The operating result has been of sign negative for -23,7 million dollars (- 117,8 million in first semester 2017), with a contribution of sign negative from the cruises for -2,2 million (- 22,5 million) and of positive sign from the yards for 39,0 million (- 57,2 million). Genting HK has archived item the period July-December of the 2018 with a net loss of -72,0 million dollars respect to a net loss of -141,3 million in the same period of 2017.

Genting Hong Kong work in the crocieristico field through the companies Star Cruises, Dream Cruises and Crystal Cruises and in that of shipbuilding naval through the societies MV Werften and Lloyd Werft.


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