EQUATORIAL COMMUNICATIONS CO <EQUA> 4TH QTR LOSS Shr loss 3.84 dlrs vs nil Net loss 56,879,000 vs profit 23,000 Rev 10.3 mln vs 17.7 mln Year Shr loss 4.60 dlrs vs profit 14 cts Net loss 67,818,000 vs profit 1,807,000 Rev 50.9 mln vs 56.1 mln Avg shares 14,734,000 vs 12,801,000 NOTE: Fourth qtr net includes a one-time restructuring charge of 45.2 mln dlrs. 1985 net income includes extraordinary gain of 3.2 mln dlrs, or 25 cts.