Genting HK

Genting HK: released their 1H10 results yesterday. While the company turned a net profit of US$11m vs loss of US$35m yoy, there may have been some disappointment as revenue from the cruise businesses did not recover as strongly as expected. Also, NCL got hit by pretty large debt revaluation losses and FX losses, which resulted in a drag on Genting HK’s bottom line.