Wednesday, November 9, 2011

Euro Disney Posts Greater Fiscal Year Loss Among Possibilities

NY - Euro Disney, the operator in the Disneyland Paris theme park, on Wednesday reported mixed full fiscal year financials as revenue rose, nevertheless the firm's primary point here loss also elevated. The Wally Disney Co. has a 39.78 percent stake within the organization. For your fiscal year ended Sept. 30, the business reported revenue of a single.30 billion pounds, up from 1.28 billion pounds in the last year. But Euro Disney's loss also rose from 45.2 million pounds to 63.9 million pounds among greater costs and expenses and elevated depreciation and amortization. Theme park attendance for your year enhanced from 15. million to 15.6 000 0000, while average trading by guest rose from 45.30 pounds to 46.23 pounds. Euro Disney's hotel occupancy rate and average trading per room also enhanced. "Our resort revenues elevated by 5 %, reflecting rise in both guest trading and resort volumes," mentioned Euro Disney Boss Philippe Gas. "Really, we elevated our attendance in lots of within our key areas, by 600,000 overall to 15.6 000 0000, whilst our summer season season was affected with the weakened European economic atmosphere." He added: "Last year we further devoted to enhancing the overall guest experience, by showing longer park operating several hours, adding new entertainment and improving the feel of our guest facing assets. Although these possibilities increase our costs, they are vital that you maintain our extended-term attractiveness as Europe's # 1 tourist destination." The business layed out that inside the approaching year it'll celebrate its 20th anniversary, from April. Email: Twitter: @georgszalai Related Subjects The Wally Disney Company

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