global ports holding plc said thursday that its pretax loss narrowed in fiscal 2022 reflecting a fall in costs and increased revenue and that its outlook for fiscal 2023 was positive the cruiseport operator posted a pretax loss of 439 million for the year ended march 31 compared with a loss of 1227 million for fiscal 2021 revenue rose to 1284 million from 794 million the year prior although lower occupancy rates continued to hurt passenger volumes major cruise lines were reporting strong booking patterns for summer 2022 travel restrictions continued to relax the londonlisted company said occupancy rates are expected to return to precovid19 levels by the end of fiscal 2023 it said our commitment and investment into our ports and their communities remained a key focus for us despite the pandemic and while the economic outlook is increasingly uncertain we look forward to cruise operations continuing to normalize in the financial year ahead chief executive mehmet kutman said shares at 0750 gmt were up 4 pence or 44 at 9480 pence