HAMILTON, BERMUDA- Orient-Express Hotels Ltd., which completed its initial public offering on August 2000, has reported its first quarterly earnings release to its shareholders.
For the quarter ended September 30, 2000, EBITDA was $22.6 million, up 14% from $19.8 million the prior year. Revenue totaled $73.3 million for the third quarter of 2000, while net income was $10.7 million. In third quarter 1999, revenue was $65.3 million and net income was $9.9 million. Earnings per share (EPS) were $0.37 in the third quarter 2000. For the nine months ended September 30, 2000, EBITDA was up 17% over the prior year period to $61.5 million on revenue of $206.2 million. (11/7/00)