RCCL sells Pullmantur’s non-core businesses
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 27 January 2014 27 January 2014
Royal Caribbean Cruises ltd (RCCL), the world’s second largest cruise shipping group, said it had reached an agreement to sell Pullmantur’s non-core businesses, the closing of which is subject to customary conditions.
“These non-core businesses include a land tour company and a Spanish travel agency. With Pullmantur’s increasing focus on Latin America, the strategic importance of these businesses to Pullmantur has diminished,” RCCL said in a statement.
While these non-core businesses are immaterial to the company’s bottom line, they do impact individual components of the income statement.
RCCL beats 2013 forecast, net profit rises to $473.6 million
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 27 January 2014 27 January 2014
Royal Caribbean Cruises Ltd (RCCL), the world’s second largest cruise shipping group, has exceeded the forecasts of industry analysts and reported a net profit of $473.6 million for 2013, an increase from $18.3 million in 2012, when impairment charges hit the bottom line.
The fresh figure corresponds with earnings per share (EPS) of $2.40, which exceeded analysts forecast of $2.35. Revenues rose to $7.96 billion from $7.68 billion.
For the final quarter of2013, RCCKL reported net profit of $7.0 million compare to a loss of $392 million the same period last year, while revenues rose to $1.85 billion from $1.80 billion.
Prestige Cruise Holdings to raise $250 million through IPO
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 24 January 2014 24 January 2014
Prestige Cruise Holdings, parent company of Regent Seven Seas Cruises and Oceania Cruises, has filed with U.S. regulators to raise up to $250 million in an initial public offering of common stock, the Reuters news agency reports.
Prestige is controlled by Apollo Management, the US based private equity company that took the Norwegian Cruise Line group public in 2012-13.
Net proceeds from the offering will be used to repay debt and for working capital purposes, Miami, Florida-based Prestige said, according. to the report
The company's net profit rose to $47.6 million in the nine months ended Sept. 30, from $26.3 million, a year earlier. Revenue rose 7% to $917.4 million.
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