Net profit of the company The Walt Disney Company fell in the second quarter to 91 percent in comparison with last year’s figures for the same period. This is evidenced by the published quarterly financial statements of the company, reports CNN.
the company’s revenue grew by 21 percent — from 14.9 to 18 billion dollars.
In the second quarter of the current fiscal year, which ended March 28, net income totaled $ 475 million. Last year during the same period the net profit of Disney exceeded $ 5.4 billion.
a Sharp drop in profits due to the imposed because of the spread of coronavirus in the US and the world limitations. The company was forced in the epidemic to temporarily suspend the operation of all owned amusement parks, and freeze shooting new movies and TV series.
the U.S. Treasury will take almost three trillion dollars during the current quarter to cover costs associated with the coronavirus. In addition, by 30 September, the office may issue government bonds for another 3.7 trillion dollars.
the Number of infections with coronavirus in the United States exceeded 1.2 million. Also in the United States has received more than 70 thousand deaths.