Report by John Lavabre
ROYAL Olympic Cruise Lines has reported a net loss of £6.8 million
for the first six months of the year.
The figures are an improvement of £1.5 million, or 18.4%, on
the same period last year.
Royal Olympic executives said the first half of the year is
traditionally slow for its European cruise market. They expect business to pick
up and to show a profit by the year end. The cruise line hopes to benefit from
the deployment of its newest and largest ship, Olympic Voyager, which was
launched in June.
The company also reported revenues increased by 2.2% to £24
million and operating expenses decreased by £1.5 million, or 6.8%, to £20.4
million.