A new ship and summer helped Norwegian Cruise Line Holding, the listed parent company of Norwegian Cruise Line, to report a rise third quarter net profit to $170.8 million from $128.1 million in the same period last year as revenues rose to $797.8 million from $ $674.1 million, the company said ina statement.
In the first nine months of the year, the profit fell to $65.6 million from $167.5 million in the same period last year on a $257.9 million interest expense the company had booked earlier this year. Revenues rose to $1.969 billion from $1.773 billion.
"While the environment this year has become more challenging than anticipated, we demonstrated once again our ability to execute and post solid earnings. Our results for the quarter are the product of a summer season which was bolstered by the premium pricing from Norwegian Breakaway in her first full quarter of operation," said Kevin Sheehan, president and chief executive officer of Norwegian Cruise Line.
"Improved ticket pricing and onboard spend, along with better than expected results from business improvement initiatives drove incremental EPS in the quarter."
Pre tax profit for the quarter rose to $182.2 million, giving EPS of $0.86 per share.
