Universal Orlando profit up despite drop in attendance

Posted Wednesday, August 12, 2009 1:03 AM | Contributed by Jeff

[Ed. note: We missed this last week... thanks Brian Noble for the spot. -J]

The operating company for Orlando's No. 2 theme-park resort, Universal City Development Partners, said Thursday that it earned $27.1 million during the three months that ended June 28, up 29 percent from $21.1 million during the same period last year. Operating profit, which strips out expenses such as interest payments on debt, rose 15 percent to $51.4 million. Attendance dropped 14 percent from a year ago, sinking from 2.9 million paying visitors to 2.5 million. Sales fell 11 percent, from $242 million to $216 million.

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