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Steiner Leisure reports Q3 revenue growth
Steiner Leisure has reported an 11.3 per cent increase in revenue for the third quarter ending 30 September 2011, when compared with the same three-month period last year.
Meanwhile, the spa and wellness operator's revenues for the year to 30 September increased by 12.6 per cent. Net income for the nine-month period was also up on 2010.
However, net income for Q3 2011 remained flat due to a US$1.3m (EUR949,000, £815,000) cost incurred due to its recent acquisition of Ideal Image Development and Cortiva Group.
Steiner said that it would continue to consolidate and expand its portfolio of services, brands and products, while also taking advantage of new opportunities to complement its business.
The company operates spa services onboard more than 150 ships and also announced new agreements with both Cunard and P&O Cruises during the third quarter.
A spokesperson said: "We are dedicated to maintaining the highest quality standards and continually evolving to include and anticipate new developments within our industry.
"We are committed to providing our customers with a wide-ranging assortment of beauty products, including premium quality options developed by us under our own brands, as well as those purchased from third parties."
Image: prodakszyn/shutterstock.com
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