Malaysian-owned cruiseship group Genting Hong Kong has slashed its 2017 loss as revenue grew.
The owner of Star Cruises, Crystal Cruises and Dream Cruises said the net deficit to 31 December was $244.28m, against $504.23m in 2016.
It was boosted by a one-off gain of $166.05m, compared to a charge of $301.05m the year before.
This consisted of a $205m profit from selling some of its holding in Norwegian Cruise Line, offset by lower impairments than in 2016.
Revenue rose to $1.19bn from $1.01bn due to an increase in capacity days of 33.7%.
This was primarily due to the inclusion of full-year operations for two new ships, as well as the launch of three more.
Revenue from shipyard operations and non-cruise activities from external customers increased 60.6% to $174.4m, versus $108.6m in 2016, after selling off residential property units in mainland China.
Operating expenses and depreciation reached $1.24bn from $0.97bn.
