Disney Posts Record Profits
From Associated Press
Spurred mainly by its Disneyland and Disney World theme parks, resorts and two hit movies--”Ruthless People” and “Down and Out in Beverly Hills”--the Walt Disney Co. today posted record revenues and profits for its fourth quarter and fiscal year.
The entertainment and real estate concern netted $81.1 million, or 59 cents per share, in the fourth quarter ended Sept. 30, a 51% increase over a year ago. For the full year, earnings rose 43% to $247.3 million, or $1.82 per share.
