Article updated: 2/18/2013 7:01 AM

HK Disney turns first profit since 2005 opening

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Disneyland in the southern Chinese city of Hong Kong has turned a profit for the first time since it opened in 2005, theme park officials said Monday. 

Associated Press

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Disneyland in the southern Chinese city of Hong Kong has turned a profit for the first time since it opened in 2005, theme park officials said Monday. The park earned 109 million Hong Kong dollars ($14 million) in 2012 and its revenue rose 18 percent to HK$4.27 billion ($550 million).The park's losses had steadily narrowed from HK$1.6 billion in 2008, the year it started disclosing financial figures, to HK$237 million in 2011.