Commodore Holdings Ltd. announces preliminary year end results.HOLLYWOOD, Fla.--(BUSINESS WIRE)--Nov. 14, 1996--Commodore Holdings Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market:CCLNF) ("the company") has announced that unaudited revenues for its fiscal year-ended Fiscal Year-End The completion of a one-year, or 12-month, accounting period. Notes: The reason that a company's fiscal year often differs from the calendar year and does not close on Dec 31, is due to the nature of company's needs. Sept. 30, 1996 were approximately $45 million with unaudited net earnings per share estimated to be between $0.32 and $0.36. These preliminary results are subject to auditing adjustments as well as settlement with the company's insurance carriers regarding the July 1996 fire that occurred this summer on the SS Universe Explorer. The company's estimated earnings per share are after taking a deduction for its loss due to the fire. The company estimates that its earnings per share would have been between $0.05 and $0.06 higher had the company not lost revenues associated with the fire and incurred fire related expenses. The company began its operations in July 1995 and just completed its first full fiscal year of operations with the SS 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. Isle in operation for the full year and the SS Universe Explorer in operation for approximately eight months. With over $45 million in assets, the South Florida-based company operates in the niche cruise market as Commodore One of the first personal computer companies. In 1977, Commodore Business Machines, West Chester, PA, introduced the PET computer and launched the personal computer industry along with Apple and Radio Shack. In 1982, it introduced the Commodore 64 (64K RAM) and later the Commodore 128. Cruise Line A cruise line is a company that operates cruise ships. Cruise lines have a dual character; they are partly in the transportation business, and partly in the leisure entertainment business, a duality that carries down into the ships themselves, which have both a crew headed by the . Both of the cruise line's vessels have long histories of operating in unique niche markets. The line is actively reviewing expansion opportunities. Commodore Holdings Ltd. is headquartered in South Florida at 4000 Hollywood Blvd., 385 South Tower, Hollywood, Fla. 33021. CONTACT: Bennett & Co. Laura Bennett Laura Bennett (born August 2, 1963 in New Orleans, Louisiana) is an American architect and fashion designer and one of the four finalists on Season 3 of the Bravo series Project Runway. , 407/425-6040 |
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