NCL Corporation Ltd, parent company of Norwegian Cruise Line has reported a 19.2% rise in third quarter net income to $128.2 million on revenue of $674.4 million from net income of $107.5 million on revenue of $666.6 million, the company said in a statement.
Operating income increased 8.8% to $174.1 million in the third quarter of 2012 compared to $160.0 million in 2011 with an improvement in operating margin to 25.8% from 24.0%. Adjusted EBITDA grew 7.2% to $223.6 million from $208.6 million with an increase in Adjusted EBITDA margin to 33.2% from 31.3%.
Net Revenue increased 1.8% to $498.4 million primarily due to an increase in Net Yield. With increases in both ticket and onboard and other revenue, Net Yield improved 1.0%, or 2.6% on a Constant Currency basis.
