Saigon zoo posts $304,000 loss due to Covid-19
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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.
Questions & Answers
Q.When did the zoo first close its doors due to the pandemic?
When did the zoo first close its doors due to the pandemic?
The zoo initially closed for two months from March 20 last year as part of Covid containment measures.
Q.How did the zoo's revenue in 2020 compare to previous years?
How did the zoo's revenue in 2020 compare to previous years?
Its revenue fell by 38.6 percent to VND70 billion, which was the lowest figure recorded in six years.
Q.What steps did the zoo take to try and improve its financial situation?
What steps did the zoo take to try and improve its financial situation?
The zoo increased ticket prices for both children and adults starting in January, raising them from VND30,000 to 40,000 and VND50,000 to 60,000 respectively.
Q.How many different species does the zoo house?
How many different species does the zoo house?
The zoo is home to over 125 different species of animals and birds.