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.