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Herbalife Boosts Forecast as China Growth Helps Profit

Herbalife Ltd., the nutrition company that hedge fund manager Bill Ackman has accused of being a pyramid scheme, posted a 10 percent rise in fourth-quarter profit and boosted its forecast as sales gained in China.

Net income increased to $123.5 million, or $1.15 a share, from $112.2 million, or $1, a year earlier, the Cayman Islands-based company said yesterday in a statement. Excluding some items, profit was $1.28 a share, matching the average of three analysts’ estimates compiled by Bloomberg.