Corporate digest

Genting Hong Kong

CASINO cruise ship operator Genting Hong Kong Limited announced that it is expected to record a net loss of US$60-75 million for the six months ended June 30, 2016. This loss is compared with a consolidated net profit of US$2.1 billion for the six months ended June 30, 2015, it said in a Singapore Exchange filing on Monday.

The expected loss is mainly attributable to the absence of a one-off accounting gain of US$1.57 billion arising from the reclassification of the group's investment in Norwegian Cruise Line Holdings Ltd (NCLH) from "interest in associates" to "available-for-sale investments" in May 2015, and a total gain of US$599.6 million arising from the disposal of certain stakes in NCLH in the six months ended June 30, 2015.