Princess Earnings

P&O, parent company to Princess Cruises, has reported pre-tax profits of 523.7 million pounds ($779.6 million) on revenues of 5.7 billion pounds for the year ended Dec. 31, 1993, compared to pre-tax profits of 270.4 million pounds on revenues of 5.5 billion pounds in 1992.

The 1993 operating profits were 260.2 million pounds compared to 208.9 million pounds the previous year.

The 1993 pre-tax profit figures also included profits on the sale of businesses and fixed assets of 278.5 million.

According to P&O, P&O and Princess Cruises had a strong year with operating profits of 86.8 million pounds compared to 80 million pounds last year. P&O did not release net earnings or gross revenues of its cruise operations.

Excluding the sale of businesses and fixed assets, P&O posted pre-tax operating profits of 245.2 million pounds in 1993 with 80 million pounds, or 32.6 percent, coming from cruise operations, primarily in North America.

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