(NYSE: DIS) reported fiscal fourth-quarter profit of just over $1 billion, up thirty percent from the $835 million it made in last year's fourth quarter. Revenue was up seven percent at $10.4 billion. Disney's Parks and Resorts Division saw revenue increase eleven percent in the fourth quarter to $3.1 billion. Disney parks netted income of $421 million, a thirty-three percent increase from 4th Quarter 2010.
Disney's Fiscal Year ended on October 1st, and for 2011 Walt Disney Company posted revenue of $40.9 billion, a seven percent increase from last year. Net income increased more than twenty percent to $4.8 billion. For the year, the theme parks posted income of $1.5 billion, also a double digit increase from 2010.
Disney Cruise LIne also reported higher income, due in large part to the launch of the new ship, the Disney Dream.
The only tough numbers for the year were the high cost of the development of Disneys Aulani Resort and Spa in Hawaii, a decrease at Tokyo Disney due in large part to the impact of the earthquake, and sales at Disney Vacation Club continue to be down.
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