Carnival earns 809 million in the first half, 30% more

The exchange rates and the price of oil will reduce the benefits of 2018

Carnival Corporation achieved a profit of 951 million dollars (809 million euros) during the first half of the year, closed on May 31, representing an increase of 30% over the same period of 2017, according to the US shipping company.

Profit before taxes stood at 955 million dollars (812 million euros), a figure 29.6% higher than that registered in the same months of 2017.

During the first semester, the shipping company reached an income of 8,589 million dollars (7,303.71 million euros), 11% more than in the same period last year.

On the other hand, revenues from ticket sales grew by 4.8% compared to the same period of 2016, with 6,341 million dollars (5,393 million euros).

In terms of costs, they totaled 4,870 million dollars (4,348.8 million euros) up to June, which is 11.7% more than from January to June 2017.

The shipping company increased fuel by 20.42% in the first six months of the year, to 731 million dollars (621.82 million euros).

Regarding the results of the second quarter, the shipping company improved its profits by 48% compared to the same period last year, placing them at 561 million dollars (477.34 million euros).

RESERVATIONS AND PRICE INCREASES IMPROVE THE BENEFITS

The company expects net income returns for the full year 2018 in constant currency to increase approximately 3.5% compared to the previous year driven by the stabilization of the number of bookings and the increase in ticket prices.

In addition, they estimate that the net cruise costs excluding fuel in constant currency for the third quarter of 2018 will increase by 1%.

Changes in fuel prices and currency exchange rates compared to the previous year will negatively affect profits, reducing profits by $ 0.13 per share.

“The strong operating results, combined with the strength of reserve trends, have mitigated the unfavorable effect of $ 0.19 per share on oil prices and exchange rates, and we continue on our route to obtain double-digit capital returns. by 2018, “said the president of the shipping company, Arnold Donald.