ARMEL INC <AML> 4TH QTR LOSS
Oper shr loss 79 cts vs loss 2.32 dlrs
    Oper net loss 2,536,896 vs loss 6,562,472
    Revs 13.8 mln vs 14.5 mln
    Year
    Oper shr loss 59 cts vs loss 2.35 dlrs
    Oper net loss 1,712,896 vs loss 5,747,472
    Revs 43.6 mln vs 44.2 mln
    NOTE: 1986 excludes charge of 12 cts per share in the
fourth quarter and gain of 11 cts per share in the year.

 Reuter
