Carnival posts 13% increase in profit

Carnival Corp. said its fiscal first-quarter profit rose 13% on increased cruise capacity and strong yields from European brands that offset pricing weakness in the Caribbean.

Carnival reported net income of $283 million, or 35 cents a share, for the quarter ended Feb. 28, compared with $251 million, or 31 cents, a year earlier. Revenue rose to $2.69 billion from $2.46 billion.

The Miami-based company’s cruise lines include Carnival, Princess, Cunard, Holland America and P&O.;