Carnival Corp. Reports Full Year 1993 Earnings

Carnival Corporation has announced net income of $318.2 million ($2.25 per share) on revenues of $1.56 billion for its fiscal year ended Nov. 30, 1993, compared to net earnings of $276.6 million ($1.96 per share) on revenues of $1.47 billion for the same period in 1992.

For its fourth quarter, ended Nov. 30, 1993, Carnival reported net income of $50.1 million ($0.35 per share) on revenues of $325.7 million compared to net income of $43.1 million ($0.31 per share) on revenues of $311 million for the same period in 1992.

The increases for the year were primarily attributed to additional capacity provided by Holland America Line's Statendam, which entered service in January 1993, together with an increase in passenger revenue yield.

The Carnival fleets carried 1,154,024 passengers during 1993 and achieved an average occupancy level of 105.3 percent compared to 1,153,073 passengers for a load factor of 105.3 percent in 1992.

At press time, Carnival's share traded for $47 1/8 on the New York Stock Exchange compared to a 52-week high/low of $50 - $30 1/4.

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