VALHI <VHI> REPORTS PRO-FORMA EARNINGS Valhi Inc, formed by the March 10 merger of Amalgamated Sugar Co into LLC Corp, said it had unaudited pro-forma earnings of 72 mln dlrs, or 61 cts a share, for the six months ended December 31. Valhi said these results were prepared as if the merger had occurred July 1, 1986, and on substantially the same basis as the pro-forma financial information in LLC's and Amalgamated's joint proxy statement dated February 10. Valhi said it has about 117 mln common shares outstanding with about 85 pct held by <Contran Corp>.