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.