ARTRA GROUP INC <ATA> 4TH QTR OPER LOSS
Oper shr loss 1.60 dlrs vs loss 1.17 dlrs
    Oper net loss 4,261,000 vs loss 2,816,000
    Revs 28.9 mln vs 11.7 mln
    Avg shrs 2,817,616 vs 2,685,592
    Year
    Oper shr profit 23 cts vs loss 1.10 dlrs
    Oper net profit 863,000 vs loss 2,390,000
    Revs 85.9 mln vs 60.4 mln
    Avg shrs 2,754,258 vs 2,541,967
    NOTE: Excludes loss of 1.9 mln dlrs vs loss 3.5 mln dlrs in
qtr and gain 46,000 dlrs vs loss 3.9 mln dlrs in year from
discontinued operations.
    Also excludes loss of 1.7 mln dlrs in current qtr from
reversal of tax loss carryforwards.
    Includes gain of 6.6 mln dlrs in current year from purchase
of Envirodyne Industries Inc shares and charge of 1.4 mln dlrs
in current qtr from research and development costs.
    1986 both periods includes operations of Sargent-Welch
Scientific Co, acquired on Nov 30, 1986 and interest in
Rosecraft Inc since June 4 and Lawrence Jewelry Corp since Oct
22.
    1985 both periods includes interest in R.N. Koch Inc since
Feb 8, 1985.
 Reuter
