Thursday, July 26, 2007

UPDATE 1-Royal Caribbean profit rises but lowers view

(Reuters) - Royal Caribbean, the world's second-largest cruise operator
after Carnival Corp. , said second-quarter net profit
rose to $128.7 million, or 60 cents per share, from $122.4
million, or 57 cents per share, in the same quarter last year,
boosted by cost-cutting and the acquisition of Spanish cruise
line Pullmantur




Revenues rose to $1.5 billion from $1.3 billion, as the
addition of Pullmantur helped increase capacity by 12 percent.


Read more at Reuters.com Market News

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