Gains from the previously published sales of shares in Norwegian Cruise Line Holding (NCLH) group helped Genting Hong Kong, the cruise and leisure industry group, to report a huge increase in net profit in the first half the year, the company said in a statement.
Net profit reached $2.16 billion compare to $216.7 million in the same period last year. Sale gains soared to $2.17 billion from $167.0 million. Revenues contracted slightly, to $275.0 million from $281.6 million.
The number of capacity days rose to 1.37 million from 1.29 million as a result of the acquisition of Crystal Cruises, the Los Angeles based luxury market operator, which was completed on 15 May.
Occupancy ratio rose to 69.4% from 68.7%, but gross yield fell to $193.2 from $200.5. Net yield, however, remained largely stable at $158.9 compared to $158.7 in the first six months of last year. Net cruise costs fell to $162.8 per capacity day from $179.4
“The stable Net Yield was mainly due to higher passenger ticket revenue as a result of the acquisition of Crystal Cruises, offset by lower onboard revenue attributable to lower gaming revenue,” Genting said.