LONDON, UK (Jan. 16) - Official sources of British-American Carnival Corporation & Plc, the parent company of stricken luxury cruise ship Costa Concordia, revealed that the company will have to bear a loss up to $95m by the sinking of plunged ship.
"For the fiscal year ending November 30, the impact to 2012 earnings for loss of use is expected to be approximately $85-$95m or $0.11-$0.12 per share," Carnival said in a statement to the London Stock Exchange.
Though the company would enjoy an insurance coverage for damage to the ship with an approximately $30m.
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