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Norwegian third quarter profit rises to $400 million on strong core markets 

Norwegian Cruise Line Holdings Limited (NCLH), the world’s third largest cruise shipping group, has reported a rise in third quarter and nine month net profit on strong core markets.

Net profit in the third quarter rose to $400.1 million from $342.3 million year on, while operating profit reached $336.7 million compared to $284.4 million. Revenues rose to $1.65 billion from $1.49 billion.

In the first nine months of the year, net profit rose to 661.0 million from $560.6 million and operating profit increased to $964.7 million from $822.1 million. Revenues increased to $4.41 billion from $3.75 billion,

“Strong operational performance across our core markets, bolstered by strength in European itineraries, where pricing has now exceeded the previous high watermark of 2015, drove third quarter revenue and yield growth well ahead of expectations, despite the disruptions caused by weather-related events during the quarter,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd.

“Over the last several weeks we have seen consumer demand continue to accelerate for Caribbean sailings and booking volumes have now reached pre-hurricane levels. Our ships, crew and shoreside personnel have been actively engaged in assisting impacted destinations by evacuating stranded families and delivering much-needed supplies. In addition, our company has committed to providing long-term financial aid to rebuild critical infrastructure through our Hope Starts Here hurricane relief programme," he said

 

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