| | Business Summary | | Royal
Olympic
Cruise
Line
is
a
cruise
operator
in
the
Mediterranean
that
offers
destination-oriented
cruises
to
sites
of
historical
and
cultural
significance.
The
Company's
fleet
in
1999
consisted
of
seven
overnight
and
one-day
cruise
ships,
ranging
in
capacity
from
approximately
400
to
800
passengers,
for
a
total
aggregate
capacity
of
883,856
passenger
days.
From
March
to
November,
the
Company
offers
cruises
of
three
to
21
days
that
call
on
an
aggregate
of
more
than
49
destinations
in
the
eastern
Mediterranean,
with
over
195
separate
departures.
The
Company
also
offers
cruises
in
the
Northern
European,
Baltic
and
Black
Sea
regions.
Between
December
and
April,
one
of
the
Company's
ships
offers
South
and
Central
South
American
and
trans-Atlantic
cruises
and
another
is
chartered
to
a
German
tour
operator
for
cruising
in
the
Mediterranean
from
Italy
to
the
Canary
Islands
and
calling
on
an
aggregate
of
more
than
48
destinations,
with
over
23
separate
departures. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | ROCLF
owns,
operates
and
manages
a
fleet
of
cruise
ships
serving
the
Eastern
Mediterranean,
and
South
and
Central
America.
ROCLF
also
provides
services
under
management
agreements
for
other
cruise
vessels.
For
the
fiscal
year
ended
11/30/00,
net
revenues
rose
31%
to
$128.2
million.
Net
income
totaled
$1.6
million
vs.
a
loss
of
$10.8
million.
Revenues
reflect
an
increased
number
of
passengers.
Net
income
also
reflects
lower
operating
expenses
as
a
percentage
of
revenues. | | More
from
Market Guide: Significant
Developments |
| | Officers | |
| Position | | Harry Haralambopoulos, 70 | Chairman | | Costakis Loizou, 56 | Co-Deputy
Chairman | | Andreas Potamianos, 65 | Co-Deputy
Chairman | | Yiannos Pantazis | CEO,
Director | | George Kassapis | CFO |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/r/roclf.gif)