The Long Beach Harbor Department has reported...

The Long Beach Harbor Department has reported a 46.5% increase in profits for the first six months of the 1984-85 fiscal year.

Net earnings after the second quarter, which ended Dec. 31, were $14.55 million, up from $9.93 million for the same period in 1983.

“The reason it’s so high is because it’s compared with a bad year,” said Paul Brown, port finance director.

The costs of relocating companies from one port site to another were extremely high last fiscal year as was interest paid on financing for port construction, said Brown.

Income from port operations accounted for $1.54 million of the $4.6-million increase in profit, while interest on port cash was up about $1 million.

The port showed assets of $525 million on Dec. 31, up $22 million from a year before, while liabilities were down $2 million to $108 million.