News

P&O Princess Cruises release third quarter results

Report by
John Lavabre

P&O
PRINCESS Cruises has reported a rise in operating profit to £132.2 million in
the third quarter to September 30.

Highlights
of the report include:

* Earnings
per share were up 61 pence

*
Passenger cruise days increased by 26%

*  Operating profit rose 8% to £132.2 million
despite a £4.2 million increase in fuel costs and £2.1 million lost because of
the exchange rate

P&O
Princess Cruises’ chief executive officer Peter Ratcliffe said: “It has been a
good third quarter for P&O Princess Cruises. We have grown the business
significantly.”

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