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HOUSTON (AP) - KBR Inc., the former Halliburton Co. subsidiary, said Friday its net income rose 7.7 percent in the first quarter, lifted in part by business in Iraq.
The military contractor and engineering/construction outfit, which split from Halliburton last month, said earnings for the January-March period were $28 million, or 17 cents a share, up from $26 million, or 19 cents a share, a year ago.
The most recent results included a loss from discontinued operations of $2 million, or 1 cent per share, related to the sale in last year's second quarter of Production Services Group.
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