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Japan Disneyland firm Oriental reports profit fall-Reuters-2/9/2006


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  • Japan Disneyland firm Oriental reports profit fall-Reuters-2/9/2006

    Japan Disneyland firm Oriental reports profit fall

    TOKYO, Feb 9 (Reuters) - Japan's Oriental Land Co., operator of the Tokyo Disney resorts, reported a 9 percent decline in nine-month net profit on Thursday, reflecting a fall in visitor numbers, but it kept its full-year outlook.
    The company said its net profit totalled 16.54 billion yen ($139.6 million) in the April-December period, against 18.19 billion yen a year earlier. The company also said it was hurt by increased costs from offering special events for longer periods.
    For the year to March, Oriental Land stood by its net profit forecast of 14.4 billion yen, in line with a consensus projection in a poll of seven analysts by Reuters Estimates.
    The full-year outlook is lower than nine-month earnings because the Tokyo Disney resorts -- Disneyland and the adjacent DisneySea -- usually draw fewer visitors in the colder months of the fourth quarter.
    Sales rose 0.6 percent to 257.85 billion yen, helped by the addition of a new hotel.
    Details : Click here

    Source : Reuters

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