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COSTCO REPORTS SALES, INCOME UP IN QUARTER

ISSAQUAH, Wash. -- Costco Cos. here said net sales for the second quarter ended Feb. 16 increased 12% to $5.15 billion from $4.61 billion a year ago. rter increased 36% to $97.4 million from $71.4 million. Earnings per share increased 31%, to 46 cents from 35 cents per share a year ago.Sales for the 24-week first half of fiscal 1997 increased 12% to $9.93 billion from $8.90 billion during the same

ISSAQUAH, Wash. -- Costco Cos. here said net sales for the second quarter ended Feb. 16 increased 12% to $5.15 billion from $4.61 billion a year ago.

rter increased 36% to $97.4 million from $71.4 million. Earnings per share increased 31%, to 46 cents from 35 cents per share a year ago.

Sales for the 24-week first half of fiscal 1997 increased 12% to $9.93 billion from $8.90 billion during the same period in 1996.

Net income for the first half was $129.3 million, or 62 cents per share. The company said net income was affected by a first-quarter $65 million pretax, non-cash charge. Before the effect of this non-cash charge, net earnings were $167.9 million, or 79 cents per share (fully diluted), up from 39% from $121 million, or 59 cents per share, in the first half of 1996.