In a positive profit warning for the Hong Kong Stock Exchange, the company expected consolidated net income attributable to the owner of the company of about $210 million in the same period in 2013, "based on preliminary evaluation of information available to the board, including the group's unaudited management accounts."
In a filing on Monday, the company expected net income of at least $180 million, mainly on $153 million from its disposal of a 3.7% stake in Norwegian Cruise Line Holdings in March. Genting Hong Kong, which is listed in Hong Kong, is still the majority shareholder in the company with a 27.7% stake.
In its most recent filing, Genting Hong Kong justified the expected increase, saying the company's share of profits arising from investments in Norwegian cruises was around $47 million for the six months ended June 30.
The company also operates Star Cruise Casino cruise ships based in Hong Kong and operating in international waters.
The Manila casino business, a joint venture between Philippines-based Alliance Global Group Inc. and Travellers International Hotel Group, is currently undergoing a $600 million expansion.
In early July, Genting Hong Kong said its chairman, David Chua Ming Huat, had submitted his resignation letter since Jan. 2, 2015. According to the filing, Lim Kok Thay, the chairman of Genting Hong Kong's parent company, Malaysia Genting Bhd, became the acting chairman at the time.
BY: 바카라사이트 추천
