Genting Hong Kong expects to report net profit in excess of $225 million
Published on Jul 27, 2014 9:13 PM
SINGAPORE - Genting Hong Kong is expected to report a net profit of more than US$180 million (S$225 million) for the six months ended June 30.
This is well up on the US$23 million it recorded for the same period last year, the casino operator said in a statement today, based on the preliminary assessment of the information currently available to the board.
The anticipated sharp increase in net profit is mainly due to the following factors:
* Gain arising from the disposal of certain stakes in Norwegian Cruise Line Holdings in March 2014 for about US$153 million, and
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