Solid movie slate boosts Disney profits


  • Business
  • Saturday, 22 Nov 2003

LOS ANGELES: A strong movie and home video slate and gains in its broadcast and cable TV networks have enabled The Walt Disney Co to turn in a fourth-quarter net profit that was more than double that of a year ago. 

For the three months ended Sept 30, the company reported a net income of US$415mil compared with the year-ago period’s US$175mil. Revenue rose 5% to US$7.01bil from US$6.66bil previously. 

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