ORANGE-CO INC <OJ> 2ND QTR FEB 28 NET
Shr profit 2.26 dlrs vs loss 81 cts
    Net profit 9,785,000 vs loss 3,422,000
    Revs 26.0 mln vs 18.9 mln
    Avg shrs 4,316,000 vs 4,207,000
    1st half
    Shr profit 2.75 dlrs vs loss 1.07 dlrs
    Net profit 11.9 mln vs loss 4,486,000
    Revs 39.0 mln vs 37.2 mln
    Avg shrs 4,318,000 vs 4,181,000
    NOTE: Current year net both periods includes gain 9,500,000
dlrs from sale of Orange-Co of Florida subsidiary to American
Agrnomics Corp <AGR>.
    Net includes pretax real estate disposition loss 920,000
dlrs vs gain 52,000 dlrs in quarter and loss 863,000 dlrs vs
gain 117,000 dlrs in half.
    Prior year net includes tax credits of 2,132,000 dlrs in
quarter and 3,039,000 dlres in half.
    Current half net includes 2,051,000 dlr pretax gain
2,051,000 dlrs from change in accounting.
 Reuter
