MONARCH AVALON INC <MAHI> 3RD QTR JAN 31 LOSS Shr loss 11 cts vs profit four cts Net loss 199,000 vs profit 81,000 Rev 1.9 mln vs 2.5 mln Nine months Shr loss 14 cts vs profit 15 cts Net loss 261,000 vs profit 273,000 Rev 6.4 mln vs 7.6 mln NOTE: Per share information adjusted for three-for-two stock split on January 31, 1986.