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Big Lots quarterly net rises

Fri Nov 30, 2007 6:29am EST

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NEW YORK, Nov 30 (Reuters) - Big Lots Inc (BIG.N) on Friday reported higher quarterly profit as improved cost controls outpaced declining sales at the closeout retailer amid weak demand for toys, home goods and fall seasonal merchandise.

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Net income was $14.3 million, or 14 cents per share, for the third quarter ended November 3, compared with $1.7 million, or 2 cents per share a year earlier. (Reporting by Franklin Paul; Editing by Derek Caney)

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