REPUBLIC PICTURES CORP <RPICA> 4TH QTR LOSS Oper shr loss two cts vs profit eight cts Oper net loss 77,000 vs profit 285,000 Revs 3,781,000 vs 4,721,000 Year Oper shr profit 23 cts vs profit 26 cts Oper net profit 904,00 vs profit 952,000 Revs 19.0 mln vs 15.1 mln Note: Current qtr and year figures exclude losses from discontinued operations of 303,000 dlrs, or seven cts per share and 354,000 dlrs, or nine cts per share, respectively. Net earnings for first three months of 1986 restated to reflect reduction of 148,000 dlrs resulting from increase in effvective income tax rate.