Losses at French theme park operator Euro Disney narrowed in the first half thanks to a financial restructuring.
The operator of the Magic Kingdom and Walt Disney Studios theme parks outside Paris reported a net loss of €80.9 million in the six months to the end of March, narrowing from a €109 million loss in the year-ago period.
The improvement was helped by a financial restructuring plan, approved in December, that included a €253 million capital increase carried out in February.
The operator of Europe's most-visited tourist attraction reaffirmed its aim to improve sales this year, despite a late Easter and shifts in the school holiday calendar that it believes will hit third-quarter sales.
Attendances at the parks edged up to 5.7 million from 5.6 million in the first six months of 2004; spending by theme park visitors rose 6 per cent.
Chairman Andre Lacroix said he was "satisfied" with 5 per cent turnover growth, the third consecutive quarter in which sales had risen.