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Celebrating losses

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ORIGINAL POST
Posted by bob the builder 15 yrs ago
Just been reading about Disney celebrating that they haven't lost as much as in previous years. A loss of $718m this year.


Standard Newspaper 19-Jan "The net loss dropped 45 percent year on year to HK$718 million for the 12 months to October 2. It was HK$1.315 billion in 2009 and HK$1.574 billion in 2008."


They have been operating for over 5 years and are still experiencing major (in my opinion) losses.


Do they still have any link/owe anything to the HK government? If they are still making losses does the HK government still get a return? or are we the tax payer, still subsidising a loss making enterprise?

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COMMENTS
Ed 15 yrs ago
Here's that article: http://www.thestandard.com.hk/news_detail.asp?pp_cat=30&art_id=107207&sid=30964506&con_type=1


Here's the background... http://en.wikipedia.org/wiki/Hong_Kong_Disneyland



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