The US-based cruiseship owner, which listed in New York inJanuary, booked a net deficit of $8.8m during the period compared toa $36m net profit in the second quarter or last year.

But stripping out $70m in expenses related to a $1.3bn refinancingdeal signed in May, the company recorded a profit of $60.2m, or $0.29 pershare, compared to $36m, or $0.20 per unit in the second leg of lastyear.