Cruiseship and yard player Genting Hong Kong saw a "slight improvement" in 2018 as it reduced its red ink.
The company said the net deficit last year was $213.3m in 2018, compared to $244.3m in 2017.
Revenue was $1.6bn, up from $1.2bn, mainly due to the inclusion of the first full-year operation of two Dream Class vessels and higher third party revenue recognised in the shipyard segment.