HORIZON CORP &lt;HZN> 4TH QTR NET

  Oper shr profit 1.66 dlrs vs loss eight cts
      Oper net profit 12.0 mln vs loss 572,000
      Revs 27.4 mln vs 4,311,000
      Year
      Oper shr profit 1.36 dlrs vs loss 43 cts
      Oper net profit 9,817,000 vs loss 2,433,000
      Revs 35.0 mln vs 13.8 mln
      Avg shrs 7,224,000 vs 6,731,000
      NOTE: 1985 net includes tax credits of 492,000 dlrs in
  quarter and 2,433,000 dlrs in year.
      1985 net both periods excludes 168,000 dlr loss from
  discontinued operations.
      1986 net both periods includes pretax gain 21.8 mln dlrs
  from sale of remaining interest in Paradise Hills, N.M.,
  development.
  

