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Carnival third quarter net profit falls to $1.33 billion 

Carnival Corporation & plc, the world’s largest cruise shipping company, has reported a fall both in net and operating operating for the third quarter and nine months of its financial year.

Net profit fell to $1.33 billion in three months to 31 August from $1.42 billion in the same period last year, while operating profit narrowed to $1.39 billion from $1.56 billion. Revenues, however, increased to $5.51 billion from $5.09 billion.

In the first nine months of the company’s financial year, the net profit narrowed to $2.06 billion from $2.17 billion. Operating profit fell to $2.6 billion from $2.47 billion, but revenues again increased, to $13.25 billion from $12.45 billion.

 

President and Chief Executive Officer Arnold Donald said in a statement: “We delivered another consecutive quarter of strong operational improvement and another third quarter adjusted earnings record. Our ongoing efforts to create demand well in excess of measured supply growth helped to drive five percent higher cruise ticket pricing. We have many innovative efforts to accelerate demand in 2018 and beyond including our recently announced digital streaming channel, OceanView, and our mobile gaming portfolio, PlayOcean, both launching this week.”

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