Commodore Holdings Ltd. Reports Second Quarter Earnings.HOLLYWOOD, Fla.--(BUSINESS WIRE)--May 18, 1998-- Earnings Per Share and Operating Income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. Increase Commodore Holdings Ltd. (Nasdaq NMS See NetWare Management System. :CCLNF) Monday reported its unaudited results for the second quarter ended March 31, 1998. Operating income for the quarter rose to $839,984 from $87,130 for the same quarter last year. This resulted in an increase of basic earnings per share, for common stockholders from $0.02 to $0.10. For the six months ended March 31, 1998 operating income increased to nearly $1.3 million from $553,435, for the same period one year ago. Shareholder basic earnings per share grew from $0.04 to $0.12. "We've made strides in this fiscal year to strengthen our position with regard to specific niche markets. Last month we announced the acquisition of a third vessel, renamed the Enchanted en·chant tr.v. en·chant·ed, en·chant·ing, en·chants 1. To cast a spell over; bewitch. 2. To attract and delight; entrance. See Synonyms at charm. Capri and we entered into a joint venture with Casino America Inc. (Nasdaq:CSNO CSNO California School Nurses Organization ) to offer two and five-night cruises from New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded , beginning June 5, 1998," said Jeffrey Binder, chairman of the board of Commodore Holdings Ltd. "This new acquisition gives us an immediate opportunity for additional revenue streams. We will continue to focus on profitable niches to maximize shareholder value," Binder further stated. Commodore's other two vessels, the Enchanted Isle which sails on seven night cruises from the Port of New Orleans The Port of New Orleans is a port located in New Orleans, Louisiana. It is the 5th largest port in the United States based on volume of cargo handled, second-largest in the state after the Port of South Louisiana, and 12th largest in the U.S. based on value of cargo. , and the Universe Explorer which operates around the world as Semester at Sea Semester at Sea (SAS) is a study abroad program managed by the Institute for Shipboard Education (ISE) in Charlottesville, Virginia. The University of Virginia is the academic sponsor for the program. under the auspices of the University of Pittsburgh's Institute for Shipboard ship·board n. 1. The condition of being aboard a ship: on shipboard. 2. Archaic The side of a ship. adj. Education. Commodore Holdings Ltd., with over $55 million in assets, currently operates Commodore Cruise Line, selected by Travel Holiday magazine as "the best cruise for the money." Corporate headquarters are located in south Florida at 4000 Hollywood Blvd., 385 South Tower, Hollywood, FL 33021. -0- This press release contains forward-looking statements which are subject to change. These forward-looking statements may be significantly impacted, either positively or negatively by various factors, including without limitation, competition against modern and larger fleets, the availability of additional financing for the acquisition of ships, the effect of government regulations, the need for upgrades, maintenance to the company's older vessels and other factors included in Commodore's filings with the Securities and Exchange Commission. For more information contact Laura Bennett at 407/425-6040. CONTACT: Bennett & Co. Laura Bennett, 407/425-6040 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion