Iwerks Posts 2nd-Quarter Profit Turnaround
- Share via
Iwerks Entertainment Inc., a Burbank maker of theme park attractions, posted a turnaround on record revenues in its second fiscal quarter ending Dec. 31.
The company reported a profit of $603,882 compared to a loss of $1.1 million a year earlier, on revenues of $13.2 million, up 24% from $10.7 million in the second quarter last year.
For the six months, profit was $744,553 compared to a loss of $1.93 million in the corresponding period last year. Six-month revenues were $23.3 million, up 7% from $21.7 million in the first six months of last year.
The company said increased demand for its amusement-park hardware and touring units contributed to the improved results.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
