Southern California Edison said its second-quarter earnings...

Southern California Edison said its second-quarter earnings rose 6.2% from the 1984 period despite a decision by the state PUC disallowing the recovery of $11.2 million in deferred costs associated with San Onofre Unit 2. The Rosemead-based utility attributed the improvement to its ongoing cost-control program.

Los Angeles-based National Medical Enterprises reported revenue for the fiscal year ended May 31 of $3.03 billion, up 19% from 1984. Net income increased 20% to $149 million. Fourth-quarter results showed net income of $40.5 million, up 17%, on revenue of $840.7 million, up 18%.

Transamerica Corp. said its second-quarter earnings declined 13.7% from a year earlier. The San Francisco-based company attributed the decline to losses from its insurance operations and lower earnings from its manufacturing operation.

Inland Steel said that, despite improved earnings from continuing operations, extraordinary charges resulted in the company reporting a second-quarter loss of $29.6 million. A year earlier, Inland reported net income of $22.3 million. The firm’s closing of the jointly owned Butler Taconite Project produced a non-recurring second-quarter charge of $35 million. The company also noted that its previously reported plan to reduce salaried ranks by about 700 was widened to encompass 1,023 people and necessitated an additional provision of $18 million.

Tobacco giant R.J. Reynolds Industries reported second-quarter profits of $228 million, down 14% from the comparable 1984 period. But tobacco sales were up and Reynolds said the 1984 profit figure included $62 million from operations that had been discontinued.

Philip Morris Cos. reported that its second-quarter profit climbed 25% from a year earlier despite a modest 3% revenue gain. The company said cigarette volumes and revenues in the second quarter rose from a year earlier, with unit volume rising “strongly” overseas. Revenues from the firm’s Miller Brewing and Seven-Up units were down in the latest quarter.

Dow Chemical reported a 16.7% decline in second-quarter earnings on practically flat revenue. Dow noted that more than a third of its earnings per share last year had resulted from unusual items, including the sale of half of its Dowell U.S.A. subsidiary, a write-down of Dow’s crude oil processing plant, cancellation of deferred tax obligations and tax benefits from foreign tax losses.

For detailed data and results of other companies, please see accompanying tables.