MOORE <MCL> SEES SUBSTANTIAL 1987 PROFIT GAIN Moore Corp Ltd expects 1987 profits from continuing operations will exceed 1986 results and recover to 1985 levels when the company earned 152 mln U.S. dlrs or 1.70 dlrs a share, president M. Keith Goodrich said. "We'll have a substantial increase in earnings from continuing operations," he told reporters after the annual meeting. He said he expected profits would recover last year's lost ground and reach 1985 results. In 1986, profits from continuing operations slumped to 139.5 mln dlrs or 1.54 dlrs a share. The total excluded losses of 30 mln dlrs on discontinued operations. Goodrich said Moore is still actively looking for acquisitions related to its core areas of business forms manufacturing or handling. "We could do a large acquisition," he said when asked if the company could raise as much as one billion dlrs for this purpose. Chairman Judson Sinclair, answering a shareholder's question, told the annual meeting that a special resolution passed by shareholders to create a new class of preferred shares would allow Moore to move quickly if it decided to pursue an acquisition. "If we were to make a major acquisition ... it means we can move with a certain expediency," Sinclair said. Asked if the resolution was designed to give Moore protection from a possible hostile takeover, Sinclair said only, "I know of no threat to the corporation at this time."