Euro Disney first-half loss narrows
EmptyPARIS -- Euro Disney SCA, the owner and operator of the theme park outside Paris, said Friday that its fiscal first-half loss narrowed because of growing attendance and hotel revenue.
The net loss for the six months through March 31 narrowed to €82 million($111.7 million) from €101.8 million in the same period a year earlier, the company said in a statement. Sales rose 9.7% to €512.6 million ($698.5 million).
Revenue was largely boosted by greater theme park attendance and hotel occupancy. Theme park attendance rose by 600,000 people to 6.1 million, while average spending per hotel room gained 5.1%.
"We continue to focus on improving our business performance and the overall resort experience," said Chief Executive Karl Holz.
Euro Disney shares fell more than 11% to close at €0.08 ($0.11) in Paris.