Disney profits increase 21 per cent in 2011

The full year results also show a seven per cent increase in sales.
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The Walt Disney Company has reported its financial results for its fiscal year and fourth quarter ended October 1st, 2011.

Full year revenues increased by seven per cent to $40.9 million, compared to $38 million in 2010. Net profit also increased by 21 per cent to $4.8 million. The figure was $3.9 million in 2010.

For the fourth quarter, sales were up by seven per cent to $10.4 million, compared to $9.7 million in Q4 2010. Year-on-year, the Q4 net profit increased by 30 per cent to $1 million, compared to $0.8 million.

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