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Disney Posts Record Profits

November 12, 1986|From Associated Press

Spurred mainly by its Disneyland and Disney World theme parks, resorts and two hit movies--"Ruthless People" and "Down and Out in Beverly Hills"--the Walt Disney Co. today posted record revenues and profits for its fourth quarter and fiscal year.

The entertainment and real estate concern netted $81.1 million, or 59 cents per share, in the fourth quarter ended Sept. 30, a 51% increase over a year ago. For the full year, earnings rose 43% to $247.3 million, or $1.82 per share.

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