<I.T.L. INDUSTRIES LTD> 1ST QTR FEB 28 NET Oper shr loss two cts vs profit three cts Oper net profit 301,000 dlrs vs profit 130,000 Revs 10.5 mln vs eight mln NOTE: Dividends on preferred shares 370,000 dlrs vs 51,000 dlrs. Oper net excludes gains on tax loss carryforward of 247,000 dlrs vs 118,000 dlrs.