HAMILTON, Bermuda, May 5, 2010 /PRNewswire via COMTEX/ --Orient-Express Hotels Ltd. (NYSE: OEH, http://www.orient-express.com), owners or part-owners and managers of 50 luxury hotel, restaurant, tourist train and river cruise properties operating in 24 countries, today announced its results for the first quarter ended March 31, 2010.
For the first quarter, the Company reported a net loss of $13.0 million (loss of $0.15 per common share) on revenue of $89.7 million, compared with a net loss of $14.6 million (loss of $0.29 per common share) on revenue of $81.1 million in the first quarter of 2009. The net loss from continuing operations for the period was $18.2 million (loss of $0.21 per common share), compared with a net loss of $11.6 million (loss of $0.23 per common share) in the first quarter of 2009. The adjusted net loss from continuing operations for the period was $19.2 million ($0.22 per common share), compared with an adjusted net loss of $0.1 million ($nil per common share) in the first quarter of 2009.
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