Apple CEO Steve Jobs' other company, Pixar, has returned record profits for the fourth-quarter.

Pixar turned a $35.2 million profit – it made $9.6 million in the same quarter last year. The earnings are based on revenues of $75.7 million and were boosted by strong sales of Toy Story 2.

Pixar returned revenues of $172.3 million against $121 million last year. The company earned $78.4 million in 2000.

Steve Jobs said: "We are delighted to report Pixar's highest quarterly and yearly earnings to date, which reflects the worldwide success of Toy Story 2 and the evergreen profit potential of our growing library."

In November, the company will release a joint-venture film with Disney, called Monsters Inc. Jobs said he was "thrilled" with the new film.