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EARNINGS

June 20, 1986

Exceeding its earlier bleak projections, Collins Foods International reported a fiscal fourth-quarter loss of $7.6 million and said it was due to a string of soured investments. The loss, one of the worst ever for the Los Angeles-based restaurant company, stemmed from an $11.8-million writedown of most of the assets of Collins' soon-to-be discontinued Josephina's restaurant chain, a $5.3-million write-down of Collins' oil and gas investments and $3.2 million in losses from its share of the troubled Naugles Inc. Mexican restaurant chain.

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