HALLWOOD GROUP INC <HWG> 2ND QTR JAN 31 LOSS Shr loss nine cts vs profit 23 cts Net loss 418,000 vs profit 1,037,000 Revs 2,872,000 vs 4,700,000 Six mths Shr profit nine cts vs profit 52 cts Net profit 418,000 vs profit 2,365,000 Revs 6,853,000 vs 9,379,000 NOTE: Includes tax loss carryforward gains of 164,000 dlrs vs 551,000 dlrs in quarter, and gains of 365,000 dlrs vs 1,016,000 dlrs in the six months.