Companies
Disney profits up 22%
By Henry Tyler
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Posted 07 May 2008 @ 08:35 am GMT
Disney has reported a 22 per cent rise in its profits in the three months ended 29 March, compared to the same period last year. In total Disney earned $1.13 billion in the period thanks to sales of its movies and at its theme parks.
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Disney case highlights China supply pitfallsDisney's studio revenues rose 18 per cent, helped by new releases "National Treasure 2: Book of Secrets" and "Hannah Montana/Miley Cyrus: Best of Both Worlds". Revenue at Disney's theme parks and resorts also rose by 11 per cent to $2.7 billion.
Disney said that its results for theme parks were boosted by the fact that the earlier Easter holiday fell under the second quarter rather than the third quarter this year.
This article is copyrighted by the International Business Times.
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