​Saigon zoo posts $304,000 loss due to Covid-19

saigon-zoo.jpg

The Saigon Zoo-Botanical Garden Company Ltd has reported a VND6.8 billion ($304,300) loss for 2020 as Covid-19 kept people away from its zoo.

Its revenues fell by 38.6 percent to VND70 billion, the lowest in six years.

The 157-year-old zoo in District 1 closed for two months from March 20 last year as part of Covid containment measures, and again shut on July 25 when a new wave began.

It set itself targets of VND114 billion in revenues and VND2.2 billion in pre-tax profits at the beginning of this year as the pandemic seemed to be contained.

The zoo subsequently revised the targets downward to VND81 billion and breakeven.

It raised ticket prices from VND30,000 to 40,000 for children and from VND50,000 to 60,000 for adults since January.

The zoo has over 125 species of animals and birds.


About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.


CONTACT US

CALL US ANYTIME

Most read



Retail updates

Stay up to date of the lates updates and retail news from Asia.








X