Tagrel
04-30-2003, 02:18 PM
Published Wednesday, April 30, 2003
PARIS
Disneyland Reports Wider Loss
Disneyland Resort Paris' loss widened to 82.7 million euros ($91 million) in the six months ended March 31 from 76.8 million euros a year earlier, theme park operator Euro Disney said Tuesday. Despite a generally weak tourism environment caused by current geopolitical uncertainties, revenue increased 8 percent to 472.6 million euros ($520 million) from 437.6 million euros a year ago. But the revenue total still failed to meet original expectations, Euro Disney said. Operating margin decreased to 16 million euros ($17.6 million) from 42.5 million euros in the previous year, Euro Disney said. Direct operating costs and marketing, general and administrative expenses increased significantly during the period.
Ouch!
PARIS
Disneyland Reports Wider Loss
Disneyland Resort Paris' loss widened to 82.7 million euros ($91 million) in the six months ended March 31 from 76.8 million euros a year earlier, theme park operator Euro Disney said Tuesday. Despite a generally weak tourism environment caused by current geopolitical uncertainties, revenue increased 8 percent to 472.6 million euros ($520 million) from 437.6 million euros a year ago. But the revenue total still failed to meet original expectations, Euro Disney said. Operating margin decreased to 16 million euros ($17.6 million) from 42.5 million euros in the previous year, Euro Disney said. Direct operating costs and marketing, general and administrative expenses increased significantly during the period.
Ouch!