NEW YORK — Alberto-Culver Co. managed double-digit profit gains for its fourth quarter and full year and expects growth to continue despite "substantial" political and economic challenges.

Net income surged 23.7 percent to $39.3 million, or 66 cents a diluted share, from $31.8 million, or 55 cents, a year ago. Without the amortization of goodwill in the year-ago quarter, earnings would have increased a milder 15 percent.

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