Corporate climbs

Net income at the 100 largest US corporations increased 9 percent to $33.9 billion for the first six months of this year, according to a study by the Gallagher Presidents' Report. This performance compared with a 3.1 percent gain for all of 1980 and a 7.7 advance for the first six months of last year, the newsletter said. Combined revenues for the first half of 1981 were up 11.8 percent to $689.7 billion.

By factoring out the 19 oil companies on the list (many of which reported earnings declines in the second quarter), the remaining 81 companies posted a 23 .9 percent increase in after-tax earnings on a 11.3 percent revenue rise.

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