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Carnival cruises to record.


CRUISE giant Carnival carnival, communal celebration, especially the religious celebration in Catholic countries that takes place just before Lent. Since early times carnivals have been accompanied by parades, masquerades, pageants, and other forms of revelry that had their origins in  has posted record quarterly profits and said the performance underlined the success of its merger with UK firm P&O Princess last year. The Miami-based group reported a 40% hike in net income to $1. 03bn (pounds 575m) in the three months to August 31 -- the first time it has earned more than $1bn in a single quarter. The improvement came in spite of in opposition to all efforts of; in defiance or contempt of; notwithstanding.

See also: Spite
 the higher fuel costs caused by the price of barrel of oil rising to a record $49. 40 last month.
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Title Annotation:Business
Publication:Daily Post (Liverpool, England)
Date:Sep 18, 2004
Words:87
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