US: Harman Q4 net income rises to US$43m

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Harman International Industries' net sales for the fiscal fourth quarter ended 30 June 2014 increased 22% to US$1.44bn from $1.18bn in the previous year. Operating income rose to $57m from $16m in the fiscal fourth quarter ended 30 June 2013. EBITDA increased 78% to $92m from $52m. Net income rose to $43m from $5m in the year-ago period.