Euro Disney net loss widens by 22%

Posted | Contributed by Jeff

The Euro Disney theme park near Paris reported a 22-percent increase in its net loss for the first half of its financial year on Monday and warned it might have to take cost-cutting action. Euro Disney, the biggest amusement park in Europe and celebrating its 20th anniversary, reported a net loss of 100.8 million euros ($130.6 million), an increase of 21 million euros from the loss for the first half 12 months ago. The company reported an increase in an operating loss of 38.0 percent to 84.7 million euros, and an 8.0-percent fall in sales to 552.4 million euros.