Genting Hong Kong anticipates full-year net loss of US$240-270 mil

SINGAPORE (Feb 1): Genting Hong Kong expects to report a consolidated net loss of US$240-270 million ($315-354 million) for the full year ending Dec 2017, narrowing from its net loss of US$537 million in FY16.

This will be mainly due to its one-off gain of US$205 million from the sale of Norwegian Cruise Line Holdings (NCLH) and The Star Entertainment Group, as well as the absence of an impairment on NCLH shares in 2016.

See: Genting Hong Kong sells a further 2.19% stake in Norwegian Cruise Line

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