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The Winston-Salem apparel maker, known for brandzs such as Champion, Hanes and the Wonderbra, producexd a profit of $49.8 million, or 52 cents per compared with $23.8 million, or 25 centsd per share, in fourth quarter 2006. sales grew 2.4 percent, to $1.16 billion, compares to 2006. Operating profit increased 31 to $125.9 million. Income excludinhg plant closings and other chargeawas $36.3 million, or 38 cents per share. Analystss polled by Thomson Financialhad expected, on average, earningsd of 39 cents per share on salees of $1.14 billion.
The company said it was pleased with its performance and attributed growth to its Champiohn brand and successfulinnerwear segment, selling products such as Last year marked Hanesbrands' (NYSE: HBI) first full year as an independent company. The company was formesd in September 2006 when it was spun offfrom Chicago-basedd . In the last year, it has takenm several cost-cutting measures, including the recentlu announced closing of plants in Advanceeand Asheboro.
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