Euro Disney expected to report double annual loss

Posted | Contributed by Jeff

Euro Disney, the debt-laden European outpost of the Disney empire, is set to report a doubling in its annual loss as its new theme park fails to live up to expectations, adding to concerns about its future viability. The median forecast from six analysts polled by Reuters was for a dip in operating profit to 135.5 million euros ($155.6 million) in the year to end-September from 175.7 million last year. They forecast the 2002/03 net loss ballooning to 59 million euros, when the company reports on Monday, from 33.1 million loss the year before after figures leaked to the press showed a 58 million euro net loss and Euro Disney admitted this was genuine.

Read more from Reuters.

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