NCL Profits Double

Wednesday, October 20, 1999
Norwegian cruise company NCL Holding ASA said on Wednesday pre-tax profits almost doubled in the nine months to September 30 amid firm market sentiment and strong demand. The Miami-based company said third-quarter earnings were negatively affected by between $18 and $19 million due to accidents with two of its cruise liners and reduced demand in the Mediterranean due to the conflict in Kosovo. NCL posted pre-tax profits before extraordinary items of $36.18 million between January and September, up from $18.6 million in the same year-ago period. Operating profits edged lower to $64.3 million from $65.7 million, while revenues grew by 13 percent to $651.8 against $575.4 million. But the figures came in slightly below the market consensus for an operating profit of $70.4 million and NCL closed 1.70 down on the Oslo bourse at 19.30 crowns.
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in

Royal Caribbean Profits Take a Hit

Royal Caribbean Cruises Ltd reported a much lower-than-expected quarterly profit as costs rose and passengers spent less onboard. Shares of the company, whose

Holland American Line, with Seabourn Named 'World's Most Ethical' Companies

For the third consecutive year, Holland America Line, together with sister line Seabourn, was named among the World’s Most Ethical Companies by Ethisphere Institute,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1081 sec (9 req/sec)