DIS Walt Disney Co

   By Chester Yung 
 

HONG KONG--Hong Kong's Disney theme park on Monday posted a net loss of 54 million Hong Kong dollars (US$6.9 million) for the last fiscal year, improving from a net loss of HK$345 million a year earlier on higher attendance figures and revenue.

Hong Kong Disneyland, in which the city's government has a 53% stake, recorded a 8% year-over-year rise in attendance to 6.7 million visitors for the fiscal year ended Sept. 29. Its revenue rose 18% over the same period to HK$6 billion. Walt Disney Co. (DIS) owns the remaining stake in the park.

Hong Kong Disneyland -- the smallest of Disney's theme parks -- has been suffering from weak financial results since it opened in 2005. In a bid to revive the Hong Kong park, Walt Disney in late 2016 unveiled expansion plans.

Write to Chester Yung at chester.yung@wsj.com

(END) Dow Jones Newswires

February 18, 2019 03:45 ET (08:45 GMT)

Walt Disney (NYSE:DIS)
Historical Stock Chart
From Mar 2024 to Apr 2024

Walt Disney (NYSE:DIS)
Historical Stock Chart
From Apr 2023 to Apr 2024