TERRANO CORP <TRNO> YEAR DEC 31 OPER NET Oper shr profit 12 cts vs loss 1.15 dlrs Oper net profit 300,286 vs loss 2,855,887 Revs 2,456,616 mln vs 2,979,206 Avg shrs 2,527,720 vs 2,482,197 NOTE: 1986 earnings exclude extraordinary gain from forgiveness of debt through reorganization under Chapter 11 of 280,505 dlrs, or 11 cts a share