TOWLE MANUFACTURING CO <QTOW> 4TH QTR OPER LOSS Oper shr loss 1.10 dlrs vs loss 8.63 dlrs Oper net loss 5.1 mln vs loss 42.1 mln Revs 23.1 mln vs 63.3 mln Year Oper shr loss 4.71 dlrs vs loss 14.09 dlrs Oper net loss 22.0 mln vs loss 67.2 mln Revs 114.6 mln vs 221.8 mln Avg shrs 4,910,330 vs 4,851,650 NOTE: Current year excludes gain of 12.1 mln dlrs from disposal of discontinued operations. Shr figures after preferred dividend requirements.