VHC LTD &lt;VHCL> 4TH QTR OPER NET

  Oper shr profit 18 cts vs loss one ct
      Oper net profit 387,832 vs loss 29,312
      Revs 6,872,630 vs NA
      Year
      Oper shr profit 39 cts vs loss 23 cts
      Oper net profit 835,010 vs loss 441,836
      Revs 20.8 mln vs NA
      Avg shrs 2,135,909 vs 1,885,909
      NOTE: Excludes gains of 378,000 dlrs or 18 cts and 715,000
  dlrs or 33 cts in current qtr and year, respectively, from
  benefit of tax loss carryforwards. Year-ago excludes losses of
  75,809 dlrs or four cts in qtr and 146,061 dlrs or eight cts in
  year from discontinued operations. 1985 restated.
  

