Cruiseship owner Genting Hong Kong has reduced its first half loss as revenue rose.
The owner of Star Cruises, Crystal Cruises and Dream Cruises logged a net deficit to 30 June of $141.27m, it said, compared to $203.17m in the year-ago period.
Revenue was up at $777.62m from $532.5m, while operating costs rose to $895.4m, versus $710.38m in 2017, including a rise in depreciation.
Passenger ticket revenue and onboard revenue increased significantly, the company said, mainly due to an improvement in occupancy and the addition of World Dream and four Crystal River Cruises vessels.
"In addition, absence of start-up costs of new ships incurred in the six months ended 30 June 2017 and better cost control resulted in an improvement in our cruise and cruise-related activities segmental results," it added.
Heightened passenger demand for cruises led Genting to cut its expected loss earlier in the year to between $150m and $170m.
Revenue from its shipyard operations in Germany also grew.
But a lower than expected production level resulted in a larger loss from the division.
