The fervour for giant pandas and their cubs in Hong Kong brought in more visitors and revenue to Ocean Park, their home, but other expenses ate into its financial health and worsened its deficit last year.
The theme park’s deficit widened to HK$274.7 million (US$31.8 million) in the 12 months to June 30 from HK$71.6 million in the same period a year earlier, due to higher expenses such as depreciation, at HK$414 million, according to a document it submitted to the Legislative Council on…