Casino cruise ship operator Genting Hong Kong Group posted a $141.3-million loss for the first half of 2018, 30% lower than last year’s loss for the same period.

In its press release, the company noted that net cruise revenue from January to June 2018 had increased by 41% to $514 million, compared to $364 million during the same period in 2017, partly “due to the inclusion of World Dream and four Crystal River Cruises vessels in 1H2018.”

Revenue for the first half was at $777.6 million, 46% more than last year’s revenue for the same period. Earnings before interest, depreciation and amortization (EBITDA) for cruise-related activities, excluding startup costs for new ships, was at $63 million, whereas the company reported a first-half loss of $18.3 million in 2017.

Genting HK said that the improvement in cruise-adjusted EBITDA had been offset by lower production in shipyards, making for lower cost capitalization for shipbuilding. However, because of expected increases in the use of the shipyards, the company sees an increase in cost capitalization for shipbuilding for the second half of the year.