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Euro Disney losses narrow as debt interest falls | Euro Disney losses narrow as debt interest falls |
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Euro Disney said it was cautious for the rest of the year due to the difficult economic environment as it posted a fall in net losses for the half year on lower debt interest payments. | Euro Disney said it was cautious for the rest of the year due to the difficult economic environment as it posted a fall in net losses for the half year on lower debt interest payments. |
The group, which operates Disneyland Paris, completed a refinancing agreement in September with its parent Walt Disney and two of its French subsidiaries, for €1.332bn of debt. | The group, which operates Disneyland Paris, completed a refinancing agreement in September with its parent Walt Disney and two of its French subsidiaries, for €1.332bn of debt. |
The group net loss attributable to the first half of 2012-2013 amounted to €89.1m, against €100.8m a year earlier and lower than analysts' expectations. During the first half of the previous year, the group repaid bank loans for €64.3m. | The group net loss attributable to the first half of 2012-2013 amounted to €89.1m, against €100.8m a year earlier and lower than analysts' expectations. During the first half of the previous year, the group repaid bank loans for €64.3m. |
Half-year sales rose 3% to €567.7m after a 4% increase in average spending per visitor, which rose from €44.11 to €45.97. | Half-year sales rose 3% to €567.7m after a 4% increase in average spending per visitor, which rose from €44.11 to €45.97. |
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