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Profits on rise: Baxter International Inc. said Tuesday that its first-quarter net income rose 9 percent to $131 million, or 47 cents a share, from $127 million, or 43 cents a share, a year earlier. Sales rose to $2.2 billion from $2 billion. During the quarter, marketing and administrative expenses as a percentage of sales decreased to 20.1 percent from 21.3 percent the year before. The Deerfield-based company said it further reduced costs by merging its medical and laboratory distribution business as part of restructuring last November.
