MEGAPHONE INTERNATIONAL INC <INFL> 4TH QTR LOSS Oper shr loss three cts vs loss three cts Oper net loss 388,000 vs loss 452,000 Revs 1,425,000 vs 1,126,000 Year Oper shr loss 26 cts vs loss 15 cts Oper net loss 3,604,000 vs loss 2,108,000 Res 5,712,000 vs 6,604,000 NOTE: 1986 net both periods excludes 413,000 dlr gain from settlement of old obligations.