Norwegian Cruise Line Holdings, the world’s third largest cruise shipping group, has reported first quarter net profit of $73.2 million compared to a loss of $21.5 million in the same period last year. Total revenues rose to $1.08 billion from $938 million.
“We are pleased to report another quarter of solid financial performance and significant earnings growth driven primarily by strong pricing with robust demand in the Caribbean driving net yield growth above our expectations,” Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings, said in a statement.
“We are on track to reach our stated targets of $5.00 Adjusted EPS (earnings per share) in 2017 and double-digit return on invested capital on an adjusted basis in 2016, growing to 14% by 2018. Our recent announcements regarding our China-dedicated ship, Norwegian Joy, have been extremely well-received in the Chinese market giving us strong momentum prior to the ship’s introduction in 2017,” continued Del Rio.
Adjusted EPS growth of 41% to $0.38 on Adjusted Net Income of $86.7 million. EPS increased to $0.32 on Net Income of $73.2 million.
