Nippon Yusen Kaisha (NYK), the Japanese shipping giant, says its cruise operations enjoyed a strong year to 31 March 2014, with both its brands performing well.
Recurring profit of JPY0.7 billion compared to a loss of JPY3.7 billion in the previous 12 month period. While operating result improved to a profit of JPY0.9 billion from a loss of JPY 3.4 billion. Revenues rose to JPY45.2 billion from JPY35.0 billion in the same period a year earlier
“Sales were robust for both Crystal Cruises in North America and Asuka Cruises in Japan. Profit structure reforms also took effect with implementation of various sales marketing and cost reduction measures,” the company said in a statement. “As a result, the cruises segment showed significant improvement and sharply higher revenues compared with the previous fiscal year.”
