Playboy expects higher 2nd-qtr. earns

Playboy Enterprises Inc. expects that fiscal second-quarter operating earnings will exceed the year-earlier quarter’s operating earnings of about $ 800,000, or 4 cents a share .

Christie Hefner, chairman and CEO, said the operating earnings for the quarter ending Dec. 31 should be about 7 cents a share.

In the fiscal 1991 second quarter, net income was $ 1.3 million (7 cents a share), which included a gain of $ 500,000 (3 cents) for a tax-loss carryforward.

Hefner spoke yesterday at the annual shareholders meeting of Playboy. She noted that for the full fiscal year, results will include a $ 1 million charge for expenses of relocating several offices.

She also said Playboy is looking for more joint ventures overseas to expand markets for its products, which include videotapes, television programming and apparel.

Hefner said Playboy is planning to put the magazine on line for electronic bulletin boards that are accessible via personal computers.

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