SAVOY INDUSTRIES INC <SAVO.O> 1ST QTR LOSS Oper shr loss 32 cts vs loss 17 cts Oper net loss 2,999,000 vs loss 1,692,000 Sales 10.3 mln vs 11.5 mln Avg shrs 9,517,000 vs 9,905,000 NOTE: 1986 Operating loss excludes profit of 3,688,000 dlrs, or 37 cts a share, from discontinued operations