company said yesterday.

Net income for the fiscal year ended June 30, 1995 was $5.8 million, or 52 cents per share, down 52 percent from the $12.2 million, or $1.99 cents per share, reported a year earlier.

Revenues for fiscal 1995 and 1994 were $6 million and $18.3 million respectively.

Fourth quarter net income was $2 million, or 32 cents per share, compared to $1.8 million, or 30 cents per share for the same quarter last year on revenues of $2 million and $3 million respectively.

In fourth quarter the company reported a gain of about $980,000 on the sale of 75 percent of its holdings in Zapata Corp. common stock. -- Bloomberg