Disney Reports Record Income

Walt Disney Productions today reported the highest revenues and net income in the company’s history for the fourth quarter and the year ended Sept. 30.

The Burbank-based entertainment and land development concern announced a profit of $53.7 million, or $1.60 per share, on revenues of $590.5 million for the fourth period and $173.5 million, or $5.15 per share, on revenues of $2 billion for the year. A year earlier, Disney had a loss of $64 million.