BLASIUS INDUSTRIES INC <BLAS> 3RD QTR LOSS Qtr ended Feb 28 Oper shr loss one ct vs profit 12 cts Oper net profit 3,000 vs profit 218,000 Revs 12.0 mln vs 10.6 mln Avg shrs 2,421,000 vs 1,602,000 Nine mths Oper shr profit 28 cts vs profit 24 cts Oper net profit 639,000 vs profit 500,000 Revs 34.6 mln vs 31.2 mln Avg shrs 1,928,000 vs 1,620,000 Note: Oper excludes tax credits of 180,000 and 415,000 for year-ago qtr and nine mths. Oper includes writeoff related to subordinated note exchange of 185,000 for current qtr and nine mths.