MAGNETIC TECHNOLOGIES <MTCC> SEES IMPROVEMENT Magnetic Technologies Corp said it expects the second half to show continued growth in earnings and sales. The company today reported a profit for the first half ended January 31 of 105,013 dlrs, compared with a year-earlier loss of 745,641 dlrs, on sales of 3,661,565 dlrs, up from 2,810,132 dlrs. In all of last year, Magnetic earned 996,000 dlrs after a loss from discontinued operations of 359,000 dlrs, on sales of 6,084,000 dlrs.