Euro Disney reports reduced losses
Revenues climb at Disneyland Paris
BY David Hayhurst
Variety
November 8, 2007
http://www.variety.com/article/VR111...goryid=19&cs=1
Revenues climb at Disneyland Paris
BY David Hayhurst
Variety
November 8, 2007
Euro Disney reported that it reduced net losses in the year to September by just over half to e41.6 million ($61 million), down from $129.9 million, as revenues at the Disneyland Paris resort jumped 12% to $1.79 billion.
The company swung to an operating profit of $74.5 million from a loss of $3.52 million a year earlier.
Euro Disney attributed the turnaround mainly to more theme park attendance and higher hotel occupancy. Park revenues increased 14% to $965.5 million, primarily due to a 1.7 million rise in visitors on the year to 14.5 million.
Euro Disney said it will implement a previously approved 1-for-100 reverse share split on Dec. 3.
The company swung to an operating profit of $74.5 million from a loss of $3.52 million a year earlier.
Euro Disney attributed the turnaround mainly to more theme park attendance and higher hotel occupancy. Park revenues increased 14% to $965.5 million, primarily due to a 1.7 million rise in visitors on the year to 14.5 million.
Euro Disney said it will implement a previously approved 1-for-100 reverse share split on Dec. 3.
Comment