EQUATORIAL COMMUNICATIONS CO &lt;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.
  

