The early redemption will result in an extraordinary charge of about $9m after tax against second quarter figures.

During this period, these extraordinary one-time charges were about $500,000.

Pergamon included an extraordinary charge of £38.7m but gave no further details.

For the 9 months, the extraordinary charge was $168 million.

The result a year earlier included an extraordinary charge of $51 million.

Results included a $19.9 million extraordinary charge for the consolidation of operations.

Adjusting for the extraordinary charge, earnings rose 13.3 percent, from $369 million, or $1.11 a share, a year ago.

Much of the loss was made up of extraordinary charges.

These are extraordinary charges, and call for a serious evaluation.

The 1993 net income, though, would have increased another $11.7 million, or 34 cents a share, if not for extraordinary charges.