Nov. 25 (Bloomberg) -- Louis Plc, the largest tourism company in Greece and Cyprus, posted a 5 million-euro ($6.7 million) loss in the first nine months of 2011, compared with a 7.8 million-euro profit for the same period a year earlier.
The loss reflects a 10.4 million-euro settlement for the cruise ship Norwegian Dream, the Nicosia-based company said in a statement today. Revenue fell 6.9 percent to 213 million euros in the nine-month period.
“Out of the overall amount for the settlement, 3.5 million euros has been already paid and the rest will be paid within 3- 1/2 years,” the company said.
--Editors: Tim Farrand, Peter Woodifield
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