- Passengers forcibly removed from Quantum of the Seas in Shanghai after itinerary change - report
- Viking Line to launch free cruise app
- Lower costs lift Viking Line interims
- Carnival to offer wide variety of Bermuda cruises in 2016 with nine different voyages between April and November
- Shanghai to host 10th China Cruise Shipping Conference & Expo
- Michael Giresi named Senior Vice President and CIO for Royal Caribbean Cruises Ltd.
- Genting Hong Kong interim profit soars on sale gains
- Crystal in 2025: six ships, 10 river yachts, five ocean yachts, four aircraft - Rodriguez
- Expanding Crystal Cruises plans to open UK, Hong Kong offices
- MSC Cruises to offer 60-night 'Grand Voyage' from Brazil to Shanghai
- New ships to retain Crystal hallmarks, broaden offerings
- Investments to transform Crystal from cruise to lifestyle company
- Category: More News
- Published on Monday, 09 February 2009 15:23
- Written by Kari Reinikainen
All Leisure Group plc (ALG), a leading UK-based specialist destination-led cruise company, says result for the financial year ended 31 October 2008 will be better than forecast and that the company intends to disclose its figures by end of this month.
"It is anticipated that underlying pretax profits for fiscal year 2007/2008 will be broadly in line with market expectations (excluding GBP 1.4 million of fuel hedging losses which have been crystalised in FY 2007/2008)," ALG said in a statement.
"However, following the adoption of IFRS, and as the company does not apply hedge accounting, the fair value treatment of outstanding currency hedging contracts at 31st October 2008 will cause an uplift in pre-tax profits in the order of GBP 4 million. As a result the Group's reported pre-tax profits will be significantly higher than current estimates," the company said.
ALG operates cruises under the Voyages of Discovery and Swan Hellenic brands.
Alternative flash content
Ports & Destinations
- BVI Ports Authority reports increased summer cruise arrivals
- Carnival on track for record year from Port of New Orleans in 2015
- Port Saint John modernization project to benefit cruise ships with harbour deepening
- Panama City aims to attract homeport business
- Major investment announced for Xiamen cruise homeport
- STX France begins construction on world's largest cruise ship
- Crystal creates visual magic with water for the AquaTheater on the Oasis and Allure
- Allure of the Seas features 3D digital cinema engineered by FUNA
- Allure of the Seas sails with KONE people flow solutions
- Starbucks and Royal Caribbean to offer first ever Starbucks at sea on Allure of the Seas
Products & services
- Trimline transform ship repairs with their new In-Service Support Department
- Eco-ferry Texelstroom launched in Spain
- Damen launches second of two ferries for the Government of Newfoundland and Labrador
- Trimline appoints new CFO
- Wärtsilä to adjust its Ship Power business to reflect the weak market situation