Princess Yachts has released their financial results of 2013. Profit before tax for the year ended 31 December 2013 was £17.9 million (compared to £18.4 million in 2012) on turnover of £239.4 million (compared to £249.9 million in 2012). Net assets at the end of the year totalled £115.2 million, up £10.6 million from the previous year.
In 2013, Princess spent £10.4 million on new product development, £2.0 million on new plant and equipment and maintained a workforce of over 2,000 people. All expenditure on new product development is written off in the year in which it is incurred.