Genting Hong Kong Cuts Loss as Revenues Rise

first_imgzoomIllustration; Image Courtesy: Pixabay under CC0 Creative Commons license Cruise operator Genting Hong Kong managed to cut its net loss in 2018, while revenue surged during the year.The group recorded a slight improvement with consolidated net loss of USD 213.3 million in 2018, as compared with a consolidated net loss of USD 244.3 million in 2017. The result was recorded because of a significant one-time gain in the disposal of shares of Norwegian Cruise Line Holdings and The Star Entertainment Group Limited of USD 205 million in 2017 compared with a lower net one-time gain of USD 15.5 million in the disposal of the balance of NCLH shares in 2018.Total revenue was USD 1.6 billion in 2018 compared with USD 1.2 billion in 2017, representing a growth of 34%, mainly due to the inclusion of the first full year operation of 2 Dream Class ships and the higher third party revenue recognised in the shipyard segment.Cruise revenue was USD 1.35 billion in 2018 as compared to USD 1.02 billion in 2017, a growth of 33% with fleet capacity days increasing by 18.5% and occupancy percentage improving to 91% from 77% in 2017.World Dream replaced Genting Dream in the dual Hong Kong and Guangzhou homeports in November 2017 with Genting Dream redeployed to the Singapore homeport.“Cruise segment results are expected to grow further in 2019 with strong management focus on achieving acceptable investment returns for each brand,” Tan Sri Lim Kok Thay, Chairman and Chief Executive Officer of Genting Hong Kong, said.“MV Werften, the Shipyard Segment, had improved results in 2018 with the keel laying of Crystal Endeavor and the first Global Class ship. Further improvement in 2019 is expected with even higher percentages of completion of Crystal Endeavor and the first Global Class ship. MV Werften is instrumental in the early delivery of new ships for the Group’s fleet commencing in 2020 while global orderbook of other shipyards now stretching to 2027,” he added.Barring any unforeseen circumstances, cruise segment results should continue to improve due to the low penetration rate in Asia and reduction in cruise capacity in China in 2019. The shipyard segment is expected to improve with 82% of the Crystal Endeavor and 65% of the first Global Class ship due to be completed by the end of 2019. With that, the company said that its results should continue to improve in 2019.last_img read more


TRIBUTE TO METOO FOUNDER TARANA BURKE AT 7TH TORONTO BLACK FILM FESTIVAL

first_imgCreated by the Fabienne Colas Foundation, the Toronto black Film Festival promotes diversity off and on screen and gives minorities a voice. Part ofTD’s 2019 Black History Month Series, #TBFF19 will kick off with Daryne Joshua’s ELLEN: THE ELLEN PAKKIES STORY (South Africa’s selection for the Golden Globes) as a Canadian Premiere and will close with the Ontario Premiere of DEAD WOMEN WALKING by Hagar Ben-Asher. For the first time, TBFF presents two center pieces: Jorge Navas’ WE ARE THE HEAT (SOMOS CALENTURA), and SPRINTER by Storm Saulter (executive produced by Jada Pinkett Smith and Will Smith).For its second year, The TBFF Kids Film Festival will return on Family Day (Feb 18) and opens with the amazing feature JIM BUTTON AND LUKE THE ENGINE DRIVER, by Dennis Gansel. TBFF is thrilled to be hosting a movie-talk with former American politician Bakari Sellers. Industry events will take place as part of TBFF Black Market which includes a Panel Discussion and Masterclass with filmmakers. Festival goers can cap off their day with the #TBFF19 late night live performances and satiate their cravings with exotic food at the first edition of the TBFF Food Experience.The 7th annual Toronto Black Film Festival, created by the Fabienne Colas Foundation, is presented by TD Bank in collaboration with Global News – from February 13 to 18, 2019 – at Isabel Bader Theatre, Carlton Cinema, Jackman Hall (AGO) and Art Square Gallery Café.All Access Passes & Tickets on sale now at TorontoBlackFilm.comFor full #TBFF19 programming and events, visit www.TorontoBlackFilm.comGet Social #TBFF19Facebook.com/torontoblackfilmfestival | Twitter @TOBlackFilmFest | Instagram @torontoblackfilmfestAbout the Toronto Black Film Festival, TBFFFounded by the Fabienne Colas Foundation, TBFF provides an opportunity for filmmakers from all ethnic backgrounds to shine the spotlight on authentic stories that reflect the realities of black experiences. Along with its sister festivals, the Montreal Black Film Festival (in its 15th year) and the Halifax Black Film Festival, TBFF showcases new voices in cinema and encourages audiences to see the world in new ways. Advertisement LEAVE A REPLY Cancel replyLog in to leave a comment Twitter Advertisement Advertisement Login/Register With: TORONTO, Jan. 23, 2019 – The 7th annual Toronto Black Film Festival (TBFF), presented by TD Bank in collaboration with Global News, announces the official program and events lineup running February 13 – 18, 2019. TBFF is honoured to welcome Tarana Burke, Me Too movement founder and one of Time Magazine’s 100 most influential people in 2018, who will receive the TBFF 2019 Social Impact Award during an intimate evening where she will share her journey as an activist and women rights advocate.#TBFF19 will present 4 World Premieres, 9 International Premieres, 1 North-American premiere, 30 Canadian Premieres and 23 Ontario Premieres. #TBFF19, Canada’s largest celebration of Black History Month through films and more, showcases over 70 films from 26 countries, including Jamaica, Germany, Puerto Rico, Brazil, Dominican Republic, South Africa, Tanzania, Ghana, Portugal, Colombia, Nigeria, Burkina Faso, Cape Verde, Canada, USA and more. Facebooklast_img read more


Occupy Indigenous Affairs movement gaining steam peacefully

first_imgMatt Thordarson APTN National NewsFirst it was Toronto, and now Winnipeg.Protesters occupied the Toronto office of Indigenous Affairs on Monday and Tuesday, several people moved into the Winnipeg branch.All in the name of supporting the people of [email protected]last_img