Genting HK Expects Record Net

Genting Hong Kong says it expects to post a record-setting year-on-year net profit of not less than $2.1 billion for the first half of 2015. The boost is attributable in part to asset sales.

Genting Hong Kong has predicted it will see year-on-year net profits of “not less” than .1 billion for the six-month period that ended June 30. That compares to a net profit of 2.2 million for the same period in 2014.

According to the Asia Gaming Brief, the big boost is primarily due to a gain of US$599.6 million from the sale of stakes in Genting subsidiary Norwegian Cruise Line Holdings and a one-time gain of $1.56 billion on completion of a secondary offering of NCLH’s ordinary shares. The group’s interest in NCLH declined from approximately 22 percent to 17.7 percent, reported AGB.