Hong Kong Disneyland reports first profit

Visitors from the Chinese mainland pose in front of a castle at Hong Kong Disneyland Feb 18, 2013. Hong Kong Disneyland on Monday reported a net profit of HK$109 millionfor the financial year that ended on Sept 29, 2012, the first annual profit since the resort opened in September 2005. [Photo / Agencies]

HONG KONG-- Hong Kong Disneyland announced Monday that it earned a profit of HK$109 million ($14.06 million) in the fiscal year ending Sept 29, 2012, the first time the park recorded a profit since its opening in 2005.

The park generated record revenues of HK$42.72 billion, up 18 percent from the previous fiscal year.

Last year, a record 6.73 million people visited the park, up 13 percent from the previous year. Chinese mainland and overseas tourists accounted for two-thirds of the total attendance.

Hong Kong Disneyland Resort's Managing Director Andrew Kam said the result was encouraging, adding that the attendance, hotel occupancy and guest spending levels continued to smash records.

Meanwhile, another local theme park Hong Kong Ocean Park told the media that it attracted over 300,000 visitors during the Chinese New Year (from Feb 10 to 17), up 20 percent compared with the same period last year.