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The Honolulu Advertiser
Updated at 3:14 p.m., Wednesday, February 13, 2008

Lion King success in Honolulu boosts parent firm's profit

Red Lion Hotels Corp. reported a lower quarterly net loss, saying the company's entertainment revenue increased because of a successful run of "The Lion King" musical in Honolulu.

The company said its fourth-quarter net loss narrowed to $1.1 million, or 6 cents a share, from $1.41 million, or 7 cents, a year earlier.

The lodging and entertainment company said entertainment revenue rose to $5.8 million from $3.4 million a year earlier, helped by the 12-week presentation of Walt Disney's "The Lion King" in Hawai'i.