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![Norwegian Cruise Line Holdings Ltd. [NCLH] reports annual net loss of $166.2 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FNCLH.png&w=1200&q=75)
Norwegian Cruise Line Holdings Ltd. [NCLH] has reported a net loss of $166.2 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $8.5 billion
Based in MIAMI, Florida, Norwegian Cruise Line Holdings Ltd. operates in the TRANSPORT sector.
In the annual report for the fiscal year ending December 31, 2023, compared to the fiscal year ending December 31, 2022, the following financial highlights were observed:
Revenue:
- Total revenue for the current fiscal year was $8.55 billion, a significant increase from $4.84 billion in the previous year.
Cost of Goods Sold/Operating Income:
- Cruise operating expenses totaled $5.47 billion in the current year, up from $4.27 billion in the previous year.
- Other operating expenses including marketing, general, and administrative costs, and depreciation and amortization amounted to $2.15 billion in the current year, slightly higher than the $2.13 billion in the previous year.
- Operating income for the current year was $930.91 million, showing a notable improvement from the previous year's operating loss of $1.55 billion.
Net Income/Net Loss:
- The net income for the current fiscal year amounted to $166.18 million, marking a significant recovery from the previous year's net loss of $2.27 billion.
Earnings/Loss Per Share:
- Basic and diluted earnings per share for the current year were $0.39, in contrast to a loss per share of ($5.41) in the previous year.
These financial results reflect a positive trend in the company's performance, with substantial growth in revenue and a return to profitability compared to the previous year.
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