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 October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Carnival Corporation Adds Third Berth to Cozumel Pier

Carnival Corporation & plc today officially opened an all-new, highly anticipated expansion of its operations in Cozumel, Mexico, adding a third berth to the company's pier at Puerta Maya,

Indonesian Ports to Allow Foreign-flagged Cruise Ships

Indonesia’s government has given the go-ahead for foreign-flagged cruise ships to stop over in five of the country’s largest ports. Previously, such vessels could only dock at one port,

First Cruise Ship of the Record Season Arrives Auckland

Auckland’s bumper cruise season has officially kicked off with the arrival of Princess Cruises’ mega liner Diamond Princess into port today (October 08).   New

Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Pod Propulsion Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
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: 0.1609 sec (6 req/sec)