Darkbeer
08-02-2004, 09:35 PM
http://www.guardian.co.uk/business/story/0,3604,1274617,00.html
QuikQuote: Theme park operator Euro Disney yesterday admitted it had missed the deadline on a financial restructuring plan and warned that losses were increasing.
However, the group warned that a combination of factors - including higher operating costs, increased spending on marketing and sales, and the reinstatement of full royalty payments and management fees - would mean "a significant increase in the company's net loss for the fiscal year ended September 30 2004 versus the prior year". Last year Euro Disney lost €56m.
QuikQuote: Theme park operator Euro Disney yesterday admitted it had missed the deadline on a financial restructuring plan and warned that losses were increasing.
However, the group warned that a combination of factors - including higher operating costs, increased spending on marketing and sales, and the reinstatement of full royalty payments and management fees - would mean "a significant increase in the company's net loss for the fiscal year ended September 30 2004 versus the prior year". Last year Euro Disney lost €56m.