ARMEL INC <AML> 4TH QTR LOSS Oper shr loss 79 cts vs loss 2.32 dlrs Oper net loss 2,536,896 vs loss 6,562,472 Revs 13.8 mln vs 14.5 mln Year Oper shr loss 59 cts vs loss 2.35 dlrs Oper net loss 1,712,896 vs loss 5,747,472 Revs 43.6 mln vs 44.2 mln NOTE: 1986 excludes charge of 12 cts per share in the fourth quarter and gain of 11 cts per share in the year.