Hong Kong Disneyland Fiscal 2018 Net Loss Narrows to HK$54 Million
February 18 2019 - 3:00AM
Dow Jones News
By Chester Yung
HONG KONG--Hong Kong's Disney theme park on Monday posted a net
loss of 54 million Hong Kong dollars (US$6.9 million) for the last
fiscal year, improving from a net loss of HK$345 million a year
earlier on higher attendance figures and revenue.
Hong Kong Disneyland, in which the city's government has a 53%
stake, recorded a 8% year-over-year rise in attendance to 6.7
million visitors for the fiscal year ended Sept. 29. Its revenue
rose 18% over the same period to HK$6 billion. Walt Disney Co.
(DIS) owns the remaining stake in the park.
Hong Kong Disneyland -- the smallest of Disney's theme parks --
has been suffering from weak financial results since it opened in
2005. In a bid to revive the Hong Kong park, Walt Disney in late
2016 unveiled expansion plans.
Write to Chester Yung at chester.yung@wsj.com
(END) Dow Jones Newswires
February 18, 2019 03:45 ET (08:45 GMT)
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