Great Atlantic & Pacific Tea Co. reported...

Great Atlantic & Pacific Tea Co. reported that its net income for the second quarter ended Sept. 7 rose 15% on a 14% revenue gain. The 1984 results included $5.2 million of realized gains from the sale of marketable securities. “The company’s capital spending program to renovate and modernize existing supermarkets, as well as the introduction of new store formats and continued emphasis on cost controls, all contributed to these improved results,” said James Wood, chairman and chief executive.