Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Walt Disney Co    DIS

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

The Walt Disney Company : Hong Kong Disneyland Fiscal 2012 Net Profit HK$109Mln, First Profit Since Opening

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/18/2013 | 09:46am CET
  By Chester Yung 
 

HONG KONG--Hong Kong Disneyland finally turned a profit in 2012 after seven years in operation, fuelled by a jump in the number of visitors to the park.

Hong Kong Disneyland, which is 52%-owned by the Hong Kong government and 48%-owned by Walt Disney Co . (DIS), posted an annual net profit of 109 million Hong Kong dollars (US$14.06 million) for the fiscal year ended 29 September 2012, reversing a net loss of HK$237 million in the previous fiscal year.

The company said it owed the buoyant result to an increase in visitor numbers during the year to 6.7 million from 5.9 million the previous year. The percentage of visitors from China was steady at 45%, but local visitors rose to 33% from 31%.

The theme park has reported a net loss every year for the past seven years in operation, partly due to lower-than-expected visitor figures. Critics have pointed to its size--the smallest of Disney's theme parks--and a lack of attractions that appeal to its key China market as reasons for the company's lackluster performance.

In a bid to boost attendance, the Hong Kong government and Walt Disney Co. in 2009 signed an agreement to expand the theme park, with plans to add a number of major attractions by 2013.

But competition from the Shanghai Disneyland, slated to open by end-2015, could undermine efforts to expand the compact model in Hong Kong. A Hong Kong government spokesman said earlier the park's investors are discussing plans to build new hotels at the Disney resort, adding to the current two, in hopes of drawing more international tourist traffic.

Write to Chester Yung at chester.yung@wsj.com

(MORE TO FOLLOW) Dow Jones Newswires

02-18-13 0345ET

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WALT DISNEY CO
02/16DJPewDiePie Says WSJ Took Anti-Semitic Content Out of Context
02/16 WALT DISNEY : Star Wars Force Friday II Flies into Stores around the Globe on Se..
02/15DJALPHABET : PewDiePie Show Canceled by Google's YouTube -- 2nd Update
02/14DJWALT DISNEY : Correction to CMO Today Newsletter
02/14DJCMO TODAY : Disney Dumps YouTube Star PewDiePie Over Anti-Semitic Remarks
02/10DJWALT DISNEY : Takes Another Costly Ride at French Theme Park
02/10 Walt Disney raises stake in Paris Disneyland operator to 85.7 percent
02/08DJWALT DISNEY : Disney Restructures Ad Sales for Entertainment Networks
02/08 WALT DISNEY : Disney's Iger announces 2019 opening for Star Wars lands
02/08DJWALT DISNEY : ESPN's Struggles Take Toll On Disney -- WSJ
More news
Sector news : Broadcasting - NEC
02/16DJCHARTER COMMUNICATIONS : Tops Views
02/16DJCBS : Revenue Declines, Hurt by Lower Ratings--Update
02/16 CBS Corp's profit beats despite drop in advertising revenue
02/15DJCBS : Revenue Declines, Hurt by Lower Ratings
02/15 COMCAST : NBC in talks to buy 25 percent stake in Euronews - source
More sector news : Broadcasting - NEC
News from SeekingAlpha
02/17 WALT DISNEY COMPANY STOCK : Its Price Range Likely In Next 3 Months As Seen By B..
02/15 Addressable Markets
02/14 MY 75 STOCK JANUARY 2017 PORTFOLIO U : Buying 1 New Stock (Toronto-Dominion Bank..
02/14 Toys To Life - The Reports Of Their Death Are Greatly Exaggerated.
02/14 WALL STREET BREAKFAST : Yellen Has Date With Congress
Advertisement
Financials ($)
Sales 2017 56 843 M
EBIT 2017 15 050 M
Net income 2017 9 374 M
Debt 2017 17 343 M
Yield 2017 1,40%
P/E ratio 2017 18,54
P/E ratio 2018 16,36
EV / Sales 2017 3,37x
EV / Sales 2018 3,17x
Capitalization 174 032 M
More Financials
Chart WALT DISNEY CO
Duration : Period :
Walt Disney Co Technical Analysis Chart | DIS | US2546871060 | 4-Traders
Full-screen chart
Technical analysis trends WALT DISNEY CO
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 116 $
Spread / Average Target 5,4%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Robert A. Iger Chairman & Chief Executive Officer
Christine M. McCarthy Chief Financial Officer & Senior Executive VP
John S. Chen Independent Director
Robert W. Matschullat Independent Director
Aylwin B. Lewis Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
WALT DISNEY CO5.60%174 032
COMCAST CORPORATION9.08%178 945
CBS CORPORATION3.25%30 760
SKY PLC0.40%21 221
LIBERTY MEDIA FORMULA ..1.34%20 205
GRUPO TELEVISA SAB8.28%13 348
More Results