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Increased losses at Euro Disney

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Increased losses at Euro Disney

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Euro Disney has warned it might have to take cost-cutting action after reporting a 22 percent increase in net losses in the first quarter of this year.

An eight percent fall in sales led to an operating loss of 84.7 million euros at the theme park located near Paris.

The company has debts of 1.8 billion euros and has to meet pre-set objectives each year.

Euro Disney operates the biggest such park in Europe and is celebrating its 20th anniversary this year.