Ocean Park Hong Kong Loses USD31 Mln Due to Unfavorable Currency Rates and Declining Visitor Numbers

Yicai

2016-12-08

(Yicai Global) Dec. 8 – Ocean Park Hong Kong posted a deficit of HKD240 million (USD31 million) last financial year which ended on June 30 this year, the company said. It represents the company's first loss since 2003 and the biggest one since 1987. Adverse currency trends and declining visitor numbers were among the factors that contributed to the profit loss, a company statement cited.

Ocean Park Hong Kong said nearly 6 million people visited the park, an annual decline of 18.8 percent, and the revenue was HKD1.61 billion during the last financial year. However, the number of visitors to Hong Kong has rebounded steadily in the new fiscal year so far and that has led to optimism about the future, the company added.