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Kimberly-Clark's Fourth-Quarter Profit Falls

Kimberly-Clark on Thursday posted lower quarterly net profit, as its share of net income from a Mexican business fell, but sales rose 10.5 percent, helped by the weaker dollar.

The maker of Huggies diapers and Kleenex tissue said fourth-quarter profit was $456 million, or $1.07 a share, compared with $482.6 million, or $1.05 a year earlier.

Like most U.S. consumer-products companies, Kimberly-Clark has been hit by rising costs for fuel and raw materials. Somewhat offsetting that impact is the weak U.S. dollar, which boosts the dollar value of overseas sales.

The company has also raised prices and cut costs with plant closings and layoffs in a bid to improve profits.