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Alberto-Culver 4Q Profit Quadruples on Unit Sale

Boost due to sale of Cedderoth business.

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By: TOM BRANNA

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Alberto-Culver Co. said Monday its fiscal fourth-quarter profit more than quadrupled as it recorded a one-time gain of $110.7 million for the sale of its Cederroth consumer products business to a private equity firm. The maker of hair care and other consumer products earned $147.1 million, or $1.48 per share, in the three months ended Sept. 30. It earned $36.5 million, or 36 cents per share, in the same period a year ago. Revenue rose 7.3 percent to $386 million from $359.7 million. Excludi...

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