Lindblad Expeditions Holdings, Inc. , the US based global provider of expedition cruises and adventure travel experiences, said its third quarter net profit almost trebled to $7.6 million on the same period last year.

Group net profit reached $7.6 million from $2.9 million while revenues rose to $70.7 million from $58.6 million.

In the first nine months of the year, the profit fell to $10.3 million from $20.5 million, when a $5 million extraordinary income item had klifed the bottom line. Revenues rose to $186.2 million from $163.5 million.

Sven-Olof Lindblad, President and Chief Executive Officer, said "Lindblad's ability to expand our Net Yield and maintain occupancy despite current headwinds speaks to the strength of our operating model and the appeal of our differentiated brand.”

“ While quarterly results can fluctuate depending on a variety of planned and unplanned factors, we remain confident in the long-term growth opportunity we have in front of us as we introduce new vessels and expand our itineraries to further capitalize on the growing demand for high quality, immersive expedition travel," h continued

Lindblad segment Net Yield increased 8% in the third quarter to $1,008 as compared to the same period a year ago, primarily as a result of increased pricing. The decline in Available Guest Nights was mainly due to the planned repositioning of certain vessels, as well as from the cancellation of a voyage on the National Geographic Orion for unplanned maintenance. Occupancy increased to 90.8% compared with 90.5% in the third quarter of 2015, the company said in a statement.