Finance: Euro Disney still losing money, but less of it

Posted at 11:34 PM EDT (0334 GMT)

Apr. 27th, 2007 -- Euro Disney, the company which operates the Disneyland Resort Paris complex, has long been suffering financially. On Friday the company reported that it had still lost money in the period from October 1 of last year to March 31 of 2007, but less than it did during the same period in 2005-2006. 

During this period, the company lost $111.8 million compared to the same period in 2005-2006, which saw a loss of $138.8 million. Euro Disney attributed the smaller loss to a 600,000-person increase in visitors, as well as increased spending per-room.

About 40 percent of Euro Disney is owned by the Walt Disney Company.

See the Orlando Sentinel for more.