	moore mcl sees substantial profit gain moore corp ltd expects profits from continuing operations will exceed results and recover to levels when the company ed mln u s dlrs or dlrs a share president m keith goodrich said we ll have a substantial increase in ings from continuing operations he told reporters after the annual meeting he said he expected profits would recover last year s lost ground and reach results in profits from continuing operations slumped to mln dlrs or dlrs a share the total excluded losses of mln dlrs on discontinued operations goodrich said moore is still actively looking for acquisitions related to its core areas of business forms manufacturing or handling we could do a large acquisition he said when asked if the company could raise as much as one billion dlrs for this purpose chairman judson sinclair answering a shareholder s question told the annual meeting that a special resolution passed by shareholders to create a new class of preferred shares would allow moore to move quickly if it decided to pursue an acquisition if we were to make a major acquisition it means we can move with a certain expediency sinclair said asked if the resolution was designed to give moore protection from a possible hostile takeover sinclair said only i know of no threat to the corporation at this time reuter 
