Hong Kong’s Ocean Park slipped into a deficit of HK$71.6 million (US$9.2 million) for the financial year ending June 30 from a HK$118.5 million surplus a year ago, despite strong growth in post-Covid revenue and visitor numbers.
An insider said on Thursday that the loss was partly because of the lack of a HK$570 million government grant, which was provided the previous financial year.
The park, home to the city’s six giant pandas, would press on with growth targets while capitalising on the bears’ presence, he added.
“The park is actively seizing the opportunities brought by the six giant pandas, by creatively launching a series of online and in-person activities and designing merchandise, culinary offerings as well as travel…
