Cruiseship and shipyard group Genting Hong Kong is expecting less red ink in its 2017 results.

The company said the net deficit should be between $240m and $270m, against $537m in 2016.

The improvement is mainly attributable to a one-off gain of $205m from selling stock in US cruise line NCL, as well as in Star Entertainment Group.

It booked an impairment on NCL shares of $305m in 2016, which was not repeated in 2017.