Boise, Idaho-J.R. Simplot Co. recently reported that it had a good year in 2006. "We performed better than planned during the past year, and we’re in a very strong financial position," said President and CEO Larry Hlobik. "Generally speaking, the income from our current portfolio of businesses should be able to finance our future organic growth." Simplot reduced debt, posted solid revenues of $3.3 billion, and improved operating income for the fourth consecutive year during fiscal 2006. Earnings exceeded budget and were higher than 2005.
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