This would be down from the company's $205.4m loss in the first half of 2017.
Both the projection and last year's figure exclude the results of Travellers International Hotel Group.
Improved cruise segment results offset by shipyards
The improved performance is mainly due to better results in the cruise segment, partially offset by a lower cost capitalization for the shipyards. The keel-laying for luxury expedition yacht Crystal Endeavor and the first 204,000gt Global-class ship for Dream Cruises will take place in August and September respectively; this will increase the rate of production and cost capitalization.
Genting Hong Kong is still in the process of finalizing consolidated results for the first half, and its share from the results of Travellers is not yet known since that company is publicly listed overseas and its results have not been announced.
Genting Hong Kong expects to release first half earnings in August.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Cruise News to your Google News feed.
