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February 11, 2005
By: TOM BRANNA
Editor
Playtex Products, Inc. executives said the company swung to a profit in the fourth quarter due to a gain from the divestiture of Woolite last November. Net income for the quarter was $37.5 million. Exclusing charges and gains, including a gain of $56.5 million from the Woolite sale, Playtex reported a loss of $241,000.Sales were $140.9 million, down from $143.6 million in the year-ago period. Excluding sales of Wooite, sales rose 1.2% in the fourth quarter. Full-year earnings increased $55.5 million compared to $18.2 million in the year-earlier period.
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