wsj_0127.xml
WSJ
891102
891102
-0064
WSJ
891102
-0064
=
891102
=
891102
891102-0064
.
891102-0064
.
International
Brief
--
Reed
International
PLC
:
@
Net
Income
for
6
Months
@
Fell
5
%
to
$
141.9
Million
International
Brief
--
Reed
International
PLC
:
@
Net
Income
for
6
Months
@
Fell
5
%
to
$
141.9
Million
11/02/89
11/02/89
11/02/89
WALL
STREET
JOURNAL
(
J
)
WALL
STREET
JOURNAL
(
J
)
U.REE
U.REE
EARNINGS
(
ERN
)
EARNINGS
(
ERN
)
Reed
International
PLC
said
that
net
income
for
the
six
months
ended
Oct.
1
slipped
5
%
to
#
89.7
million
-LRB-
$
141.9
million
-RRB-
,
or
16
pence
a
share
,
from
#
94.8
million
-LRB-
$
149.9
million
-RRB-
,
or
17.3
pence
a
share
.
The
British
paper
,
packaging
and
publishing
concern
,
said
profit
from
continuing
lines
fell
10
%
to
#
118
million
from
#
130.6
million
.
While
there
were
no
one-time
gains
or
losses
in
the
latest
period
,
there
was
a
one-time
gain
of
#
18
million
in
the
1988
period
.
And
while
there
was
no
profit
this
year
from
discontinued
operations
,
last
year
they
contributed
#
34
million
,
before
tax
.
Pretax
profit
fell
3.7
%
to
#
128
million
from
#
133
million
and
was
below
analysts
'
expectations
of
#
130
million
to
#
135
million
,
but
shares
rose
6
pence
to
388
pence
in
early
trading
yesterday
in
London
.
Reed
is
paying
an
interim
dividend
of
4.6
pence
,
up
15
%
from
4
pence
a
year
earlier
.
Sales
fell
20
%
to
#
722
million
.
Earnings
were
hurt
by
disposal
of
operations
in
its
restructuring
,
Reed
said
.