Hong Kong Disneyland reports first profit

Hong Kong Disneyland announced Monday that it earned a profit of 109 million HK dollars (14.06 million U.S. dollars) in the fiscal year ending Sept. 29, 2012, the first time the park recorded a profit since its opening in 2005.

The park generated record revenues of 42.72 billion HK dollars, up 18 percent from the previous fiscal year.

Last year, a record 6.73 million people visited the park, up 13 percent from the previous year. Chinese mainland and overseas tourists accounted for two-thirds of the total attendance.

Hong Kong Disneyland Resort’s Managing Director Andrew Kam said the result was encouraging, adding that the attendance, hotel occupancy and guest spending levels continued to smash records.

Meanwhile, another local theme park Hong Kong Ocean Park told the media that it attracted over 300,000 visitors during the Chinese New Year (from Feb. 10 to 17), up 20 percent compared with the same period last year. (1 U.S. dollar equates to 7.755 HK dollars)

Xinhua