KANEB SERVICES INC &lt;KAB> 4TH QTR LOSS

  Oper shr loss 1.05 dlrs vs profit nine cts
      Oper net loss 30.5 mln vs profit 3,930,000
      Revs 23.9 mln vs 45.6 mln
      12 mths
      Oper shr loss 5.30 dlrs vs profit 34 cts
      Oper net loss 155.8 mln vs profit 16.0 mln
      Revs 113.7 mln vs 178.8 mln
      Note: Oper excludes loss from discontinued operations of
  9,127,000 dlrs vs 12.4 mln dlrs for qtr and 28.4 mln dlrs vs
  960,000 dlrs for 12 mths.
      Note: Oper includes writedown of offshore drilling
  equipment of 5,070,000 dlrs for qtr and 27.9 mln dlrs for 12
  mths.
      Also includes writedowns of oil and gas assets and tubular
  goods inventory of 82.2 mln dlrs and 4,246,000 dlrs,
  respectively, for 12 mths.
  

