ROYAL
Olympic Cruises has reported a 17% increase in revenues for the nine months
ending August 31 compared to last year.
However,
net profits for the quarter decreased from $10.4 million to $7.6 million.
The
figures show that the cruise operator, which forecast a loss of $12 million
this year as a result of the September 11 attacks, will achieve a modest profit
in its year-end results (Travel Weekly October 10).
Royal Olympic chief executive Yiannos Pantazis said:
“The results are positive signs that the initiatives to attract customers
is starting to pay dividends.”