VORNADO INC <VNO> 4TH QTR JAN 31 NET Oper shr 1.64 dlrs vs 84 cts Oper net 4,583,000 vs 2,869,000 Revs 20.1 mln vs 19.0 mln Avg shrs 2,791,639 vs 3,432,746 Year Oper shr 4.46 dlrs vs 3.20 dlrs Oper net 14.1 mln vs 10.9 mln Revs 74.6 mln vs 68.0 mln Avg shrs 3,154,665 vs 3,425,187 NOTE: Operating net excludes gains of nothing vs 2,444,000 dlrs, or 72 cts a share, in quarter and 1,890,000 dlrs, or 60 cts a share, vs 9,3267,000 dlrs, or 2.72 dlrs a share, in year from tax loss carryforwards