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WOODHEAD INDUSTRIES INC. said net income in the fourth quarter ended Sept. 30 rose 4.8 percent, to $1.125 million, or 35 cents a share, from $1.07 million, or 35 cents a share, a year earlier. There now are more shares outstanding. Northbrook-based Woodhead said sales dropped 7.3 percent, to $17 million from $18.4 million, primarily reflecting the sale of a subsidiary. For the full fiscal year, net income rose 16.8 percent, to $4.3 million, or $1.36 a share, from $3.7 million, or $1.18 a share, in fiscal 1988. Sales rose to $71.4 million from $71.2 million.
