Procter & Gamble said net income for...

Procter & Gamble said net income for its fiscal second quarter totaled about $165 million, up about 20% from the $137 million that it reported a year earlier. The increase was partly the result of P&G;’s claim in December, 1984, of a loss from the sale of its Boundary surgical drapes and gown business.

Citing a decline in state Public Utilities Commission cost disallowances,