Hurtigruten on road to recovery
NARVIK 16 November – A marked improvement in interim results has encouraged the board of Hurtigruten Group, the Norwegian passenger shipping company, to forecast a halving of last year's loss in 2006 and plan for breakeven next year. The company operates a service between Bergen and Kirkenes along the west coast of Norway plus destination-orientated cruises. It posted a 3Q06 net profit of NK141.7M ($21.8M), double of the NK70.4M figure from the same period last year. In the full year of 2005, Hurtigruten suffered a net loss of NK94.8M. Hurtigruten, which was formed through the merger of local companies OVDS and TFDS, was able to increase yields at the same time as cutting operating expenses.
Etiquetas: cruise market, cruises