GELCO CORP &lt;GEL> 2ND QTR JAN 31 NET

  Shr 67 cts vs 23 cts
      Net 5,220,000 vs 3,143,000
      Revs 236.1 mln vs 256.2 mln
      Avg shrs 7.8 mln vs 13.7 mln
      Six Mths
      Shr 85 cts vs 59 cs
      Net 8,919,000 vs 8,158,000
      Revs 483.8 mln vs 515.5 mln
      Avg shrs 10.4 mln vs 13.7 mln
      NOTE: Fiscal 1987 second quarter and first half earnings
  include a gain of 3.4 mln dlrs and exclude preferred dividend
  requirements of five mln dlrs in the quarter and 5.6 mln dlrs
  in the first half.
      Fiscal 1986 net reduced by currency losses equal to six cts
  a share in the second quarter and equal to nine cts in the six
  months.
  

