HOLLY CORP <HOC> 2ND QTR JAN 31 LOSS
Shr loss 45 cts vs profit 20 cts
    Net loss 1,841,000 vs profit 983,000
    Revs 56.2 mln vs 102.9 mln
    Avg shrs 4,127,000 vs 4,835,000
    1st half
    Oper shr four cts vs 80 cts
    Oper net 172,000 vs 4,359,000
    Revs 121.4 mln vs 209.3 mln
    Avg shrs 4,127,000 vs 5,439,000
    NOTE: Current half net excludes 706,000 dlr loss from
discontinued oil and natural gas operations.
    Share adjusted for three-for-one stock split and
recapitalization in December 1985.
    Prior year net both periods includes pretax charge of
2,300,000 dlrs from recapitalization costs.
 Reuter
