Carnival Corporation has announced that it has renewed its authorisation for the repurchase of up to $1 billion of its common stock. At the same time the cruise giant declared a quarterly dividend of $0.25 per share.
Carnival Corporation has seen profits fall by 23 per cent over the past financial year, with the Costa Concordia tragedy affecting results. Net profit in the 12 months to November 30th stood at $1.47 billion, down from $1.9 billion at the same time last year.
Carnival Corporation has announced it has reached an agreement for the construction of two new cruise ships - a 99,000-ton ship for its Holland America Line brand and a 135,000-ton vessel for its Carnival Cruise Lines brand. A memorandum of agreement has been signed with Italian shipbuilder Fincantieri for the construction of a 2,660-passenger ship for Holland America Line scheduled for delivery in fall 2015 and a 4,000-passenger ship for Carnival Cruise Lines scheduled for delivery in winter 2016.
Carnival Corporation has reported robust figures for the third quarter of financial 2012, allaying fears the cruise giant could see profits wiped out by the Costa Concordia disaster. Profits in the third quarter stood at $1.33 billion, a fraction lower than in the same period of 2011.
Cruise giant Carnival Corporation has broken ground on a new $65 million facility in the Dominican Republic. Amber Cove Cruise Centre is scheduled to open on the Bay of Maimon, near Puerto Plata in 2014.
Shareholders in Carnival Corporation have elected Debra Kelly-Ennis, president and chief executive officer of Diageo Canada, to the board of directions. Kelly-Ennis will serve in a non-executive capacity on Carnival Corporation’s 14-member board, effective immediately.
Carnival has reported a $139m (£83.6m) loss in the first quarter of 2012 compared to a $152m profit in the same period last year which it attributes mainly to the sinking of the Costa Concordia.
Carnival Corporation has revealed the sinking of the Costa Concordia could cost as much as $95 million. Shares in the company fell by 18 per cent in early trading following the incident on Friday which saw the vessel go down of the coast of Isola del Giglio, Italy, after hitting rocks in shallow waters.
Carnival Corporation & plc has declared a dividend of $0.25 per share. The boards approved a record date for the quarterly dividend of November 25, 2011, and a payment date of December 16, 2011.
Carnival Cruise Lines has announced that the 2,124-passenger Carnival Miracle will make New York City its home-port from next spring, operating on a year-round basis. Also in North America today, City.Mobi is celebrating the success of its new guide to New York.
Carnival Corporation has reported net income of $206 million, or $0.26 diluted EPS, on revenues of $3.6 billion for its second quarter ended May 31st, 2011.
Carnival Corporation & plc expects the revised impact from the prolonged conflicts in the Middle East and North Africa region, as well as the earthquake and nuclear disaster in Japan, which combined resulted in over 300 deployment changes, will cost the company an additional $0.15 per share for the second half of 2011