U.S. Stock Market: Walt Disney received a record profit

Walt Disney calculates profit

In brief: Walt Disney started with cartoons and now shows the highest results of gains over the past year.

Net profit of U.S. media conglomerate The Walt Disney in the first half of 2009-2010 fiscal year, which ended April 3, increased by 23,2% – to 1,80 billion dollars, compared with 1.46 billion dollars for the corresponding period a year earlier . Such data are published today in the financial report of the company. Revenue Walt Disney in accounting half-year increased by 3,5% and amounted to 18.32 billion dollars against 17.69 billion dollars during the same period last year.

Net profit of Walt Disney Co. in II quarter 2009-2010 financial year increased by 55,4% and amounted to $ 953 million (earnings per share – 0,48 dollars) against 613 million dollars (earnings per share – 0,33 dollars) received for same period a year earlier. Revenues for the II quarter of fiscal year 2010 increased by 6% – to 8.58 billion dollars from 8.09 billion dollars received in the same period the previous year. The increase in revenues showed all the key business segments Walt Disney – television networks, theme parks and entertainment, as well as studios. Against the backdrop of improving economic situation Walt Disney advertising revenues have increased and attendance at parks increased. The Walt Disney Company was founded in 1923. and is the second largest media corporations in the world after Time Warner. The company operates in four main areas: production of films (studio Walt Disney Pictures, Touchstone, Hollywood Pictures and Miramax), theme parks and resorts (Walt Disney World and Disneyland), consumer products and media.

Ukrainian Globalist
2010-05-11 23:02, Economics.

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