Cruiseship group Genting Hong Kong has warned investors it is facing a net loss of between $500m and $550m for 2016.

This compares to a profit of $2.1bn in 2015.

It blamed the absence of a one-off gain of $1.56bn in 2015 from reclassifying its investment in Norwegian Cruise Line Holdings (NCLH), as well as a gain of $658.6m from selling stock in NCLH.

It