STAR CRUISES LTD, an associate of the Genting group, sank into the red in the first quarter largely due to a surge in fuel costs and the luxury cruise operator cautioned that weak bookings due to SARS would continue to hit earnings in the next three months.
The net loss came in at US$5.04mil for the three months ended in March, down sharply from a net profit of US$681,000 a year ago, the world's 4th-largest cruise liner said in a statement released after the market closed.
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