Euro Disney first-half loss narrows

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PARIS -- 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.
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