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KIMMINS ENVIRONMENTAL SERVICE CORP. REPORTS RESULTS FOR THE THREE MONTHS ENDED JUNE 30

 KIMMINS ENVIRONMENTAL SERVICE CORP. REPORTS RESULTS
 FOR THE THREE MONTHS ENDED JUNE 30
 TAMPA, Fla., Aug. 11 /PRNewswire/ -- Kimmins Environmental Service Corp. (NYSE: KVN) today announced that net income for the second quarter ended June 30, was $491,000 or $.04 per share compared to net income of $885,000 or $.07 per share for the second quarter ended June 30, 1991.
 Revenue for the three-month period was $23,084,000 compared to $25,742,000 for the three-month period ended June 30, 1991.
 Net loss for the six months ended June 30 was ($539,000) or ($.04) per share compared to net income of $1,654,000 or $.12 per share for the same time period in 1991. Revenue for the six-month period ending June 30 was $39,812,000 compared to $46,922,000 for the same time period in 1991.
 Francis M. Williams, president of Kimmins Environmental Service Corp., commented: "Second quarter operating results were substantially better than first quarter. The start up of several delayed projects contributed to our progress in the second quarter. We are also realizing benefits from the first quarter consolidation of several functions and elimination of approximately 60 positions within the company. We expect continuing improvement in our operating results through the balance of the year."
 Kimmins Environmental Service Corp.
 Statement of Operations
 Quarter ended June 30 1992 1991
 Gross Revenue $ 23,084,000 $ 25,742,000
 Income from cont. oper. $ 460,000 $ 772,000
 Income per share from
 continuing operations $ .03 $ .06
 Net income $ 491,000 $ 885,000
 Income per share $ .04 $ .07
 Wtd. avg. shares outs. 13,329,000 13,324,000
 Kimmins Environmental Service Corp.
 Statement of Operations
 Six months ended June 30 1992 1991
 Gross Revenue $ 39,812,000 $ 46,922,000
 Income (loss) from
 continuing operations $ (624,000) $ 1,591,000
 Income (loss) per share from
 continuing operations $ (.05) $ .12
 Net income (loss) $ (539,000) $ 1,654,000
 Income (loss) per share $ (.04) $ .12
 Wtd. avg. shares outs. 13,328,000 13,324,000
 Kimmins Environmental Service Corp. and its subsidiaries provide solid waste management services, including collection, transfer and recycling; environmental services, including hazardous waste remediation and incineration; dismantling and abatement of industrial facilities; and environmental infrastructure development.
 Kimmins Environmental Service Corp. is headquartered in Tampa, Fla., and has regional offices in Niagara Falls, N.Y.; Houston; Pittsburgh; San Francisco and Los Angeles. Kimmins Environmental Service Corp.'s stock is traded on the New York Stock Exchange under the symbol "KVN."
 -0- 8/11/92
 /CONTACT: S. David Silver of Kimmins Environmental Service Corp., 813-247-0182/
 (KVN) CO: Kimmins Environmental Service Corp. ST: Florida IN: SU: ERN


EA-BR -- AT009 -- 9035 08/11/92 14:19 EDT
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Publication:PR Newswire
Date:Aug 11, 1992
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