ULTRAMAR PLC &lt;UMAR.L> 1986 YEAR

  Shr 8.1p loss vs 26.3p earnings
      Div 3.25p making 5.25p vs 10.5p
      Net loss 62.1 mln stg vs 71.6 mln profit
      Operating profit before tax 73.6 mln vs 273.8 mln
      Turnover 1.47 billion vs 1.74 billion
      Cost of sales 1.22 billion vs 1.39 billion
      Gross profit 241.8 mln vs 357.6 mln
      Distribution costs and administrative expenses 152.2 mln vs
      123.1 mln
      Share of profits in associates 17.1 mln vs 68.2 mln
      Other operating income 15.8 mln vs 16.9 mln
      Financing charges 48.9 mln vs 45.8 mln
      Tax 63.9 mln vs 169.7 mln
      Exceptional items 4.9 mln debit vs 5.5 mln debit
      Net results of discontinued operations 15.6 mln debit vs
      20.9 mln debit
      Loss on ordinary activities before minority interest 10.8
      Mln vs 77.7 mln profit
      Minority interest 11.3 mln vs 6.1 mln
      Extraordinary debits 40.0 mln vs nil
  

