The Walt Disney Co. said its most recent quarterly profit doubled thanks to asset sales, strong results from television operations and growing sales of film DVDs.

The media-entertainment giant posted a profit of 1.7 billion dollars in its first fiscal quarter to December 30, up from 734 million in the same period a year earlier.

Revenues were up 10 percent at 9.7 billion dollars in the quarter.

Even without one-time gains, Disney said its profit amounted to 50 cents a share, well ahead of the average Wall Street estimate of 39 cents.

"I am very pleased to report such strong quarterly earnings to kick off 2007," said Bob Iger, president and chief executive officer.

"These results are particularly gratifying given the great year we had in 2006 and are another clear sign our strategy is driving growth and creating shareholder value."

Results for the quarter included gains on sales of Disney interests in E Entertainment and Us Weekly totaling 1.1 billion dollars, and 70 million from the sale of a Spanish cable equity investment and Discover Magazine.