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KENAN TRANSPORT COMPANY REPORTS FOURTH QUARTER RESULTS

 CHAPEL HILL, N.C., Feb. 1 /PRNewswire/ -- Kenan Transport Company (NASDAQ: KTCO) today reported results for the fourth quarter of 1992.
 Record revenues and earnings were attained in the fourth quarter and for the year. Revenue was $14,395,000, an increase of $1,366,000 and 10 percent over the fourth quarter of 1991. Net income was $914,000, an increase of $66,000 and 8 percent. Earnings per share were $.39 compared to $.36 in 1991.
 Revenue for the year was $53,750,000, an increase of $4,575,000 and 9 percent. Net income was $3,054,000, an increase of $501,000 and 20 percent. Earnings per share were $1.29 compared to $1.08 in 1991.
 QUARTER ENDED DEC. 31,
 1992 1991
 Revenue $14,395,000 $13,029,000
 Net Income $ 914,000 $ 848,000
 Earnings Per Share $ .39 $ .36
 YEAR ENDED DEC. 31,
 1992 1991
 Revenue $53,750,000 $49,175,000
 Net Income $ 3,054,000 $ 2,553,000
 Earnings Per Share $ 1.29 $ 1.08
 -0- 2/1/93
 /CONTACT: William L. Boone, Vice President-Finance, Kenan Transport Company, 919-967-8221/
 (KTCO)


CO: Kenan Transport Company ST: North Carolina IN: TRN SU: ERN

MM -- CH002 -- 1206 02/01/93 09:19 EST
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Publication:PR Newswire
Date:Feb 1, 1993
Words:208
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