PICO PRODUCTS INC <PPI> 2ND QTR JAN 31 Shr profit three cts vs loss nine cts Net profit 103,664 vs loss 326,675 Revs 7.6 mln vs 6.9 mln Six months Shr loss two cts vs loss 15 cts Net loss 78,246 vs loss 522,868 Revs 14.7 mln vs 12.9 mln NOTE:1986 net includes gain of 43,185 or one cts in 2nd qtr and six months for discount on early long-term debt repayment.