<RANCHMEN'S RESOURCES LTD> YEAR LOSS
Shr loss seven cts vs loss 3.83 dlrs
    Net profit 1,700,000 vs loss 13,900,000
    Revs 18.7 mln vs 25.6 mln
    Note: Current shr after preferred dividends of 2.0 mln dlrs
    Prior shr and net includes 34.5 mln dlr writedown on oil
properties
 Reuter
