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Theme park spending boosts Disney

Walt Disney has reported a big rise in quarterly profits thanks to increased spending by visitors to its theme parks.

Net income for the three months to the end of September came in at $1.09bn (£684m), up 30% from the same period last year.

Income from theme parks rose 33%, while income from its media networks, which include ABC and ESPN, grew 20%.

For the full year, net income rose 21% from a year earlier to $4.8bn.

Walt Disney shares were the second biggest risers on the Dow Jones index on Thursday, rising 2.5% before the results were released. They rose another 2.5% in after-hours trading.

Source: BBC NEWS>> Read full article and comment

Posted in Family, FinanceComments Off


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