RCCL profit, revenue increase in 2002

MIAMI -- Royal Caribbean Cruises reported net income of $351.3 million for 2002, a 38% increase over 2001. Revenue for the year was up 9.2%.

Included in the 2002 figures is $33 million related to the termination fee of the company's proposed merger with P&O Princess.

For fourth-quarter 2002, Royal Caribbean recorded earnings of $38.3 million, compared with a net loss of $39 million during fourth-quarter 2001.

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