ULTRAMAR PLC <UMAR.L> 1986 YEAR Shr 8.1p loss vs 26.3p earnings Div 3.25p making 5.25p vs 10.5p Net loss 62.1 mln stg vs 71.6 mln profit Operating profit before tax 73.6 mln vs 273.8 mln Turnover 1.47 billion vs 1.74 billion Cost of sales 1.22 billion vs 1.39 billion Gross profit 241.8 mln vs 357.6 mln Distribution costs and administrative expenses 152.2 mln vs 123.1 mln Share of profits in associates 17.1 mln vs 68.2 mln Other operating income 15.8 mln vs 16.9 mln Financing charges 48.9 mln vs 45.8 mln Tax 63.9 mln vs 169.7 mln Exceptional items 4.9 mln debit vs 5.5 mln debit Net results of discontinued operations 15.6 mln debit vs 20.9 mln debit Loss on ordinary activities before minority interest 10.8 Mln vs 77.7 mln profit Minority interest 11.3 mln vs 6.1 mln Extraordinary debits 40.0 mln vs nil