HK Disneyland books HK$105m loss

Popular theme park Hong Kong Disneyland Resort has reported a HK$105 million loss for the financial year to September 2019. Visitors in the year dropped to 6.5 million, lower by 4 percent from the year before.

Managing Director, Stephanie Young, said the theme park had endured an unfortunate situation, referring to the months of social unrest and then the rapid spread of the new coronavirus.

Disneyland closed its gates to visitors on January 26 as the coronavirus that emeged in Wuhan in China began to spread in Hong Kong.

For the year ended September, Hong Kong Disneyland Resort reduced its net loss by HK$291 million to HK$54 million.

In 2019-2019, revenue remained steady at HK$6 billion, while earnings before interest, taxes, depreciation and amortization, dropped by 17 percent to HK$1.1 billion.