FFP PARTNERS, L.P., ANNOUNCES RESULTS
FFP PARTNERS, L.P., ANNOUNCES RESULTS FORT WORTH, Texas, Nov. 9 /PRNewswire/ -- FFP Partners, L.P.
(AMEX: FFP), announced net income of $643,000 ($0.18 per Class A and Class B Unit) for its third fiscal quarter ended Sept. 27, 1992. Revenues for the quarter were $79,852,000.
Comparative data for the third quarter and year-to-date 1992 and 1991 periods are presented below: FFP PARTNERS, L.P., RESULTS (in thousands, except per unit data) Third Quarter Nine Months 1992 1991 1992 1991 Total revenues $79,852 $65,580 $219,464 $203,197 Operating income 1,050 760 1,615 1,094 Net income/(loss) 643 123 303 (883) Net income/(loss) per Class A and Class B Unit $ 0.18 $ 0.03 $ 0.08 $ (0.24) Weighted average number of Class A and Class B Units outstanding 3,585 3,585 3,585 3,585 Revenues and other items for the 1991 periods have been restated to conform to the presentation used in 1992. John Harvison, chairman and chief executive of the company, commented, "We are extremely pleased about the improvement in our performance. Each of the first three quarters of 1992 has shown a marked improvement in earnings over the comparable 1991 period. It appears the programs we have put in place over the last year or so are working." FFP Partners is a publicly traded limited partnership which owns and operates over 300 convenience stores, truck stops and self-service gasoline outlets in 13 central, southern and southwestern states. The company also sells motor fuel on a wholesale basis to other retailers and to commercial end users. Its Class A Units are listed on the American Stock Exchange. -0- 11/9/92 /CONTACT: Steven B. Hawkins, FFP Partners, L.P., 817-838-4767/ (FFP) CO: FFP Partners, L.P. ST: Texas IN: REA SU: ERN
LD -- NY119 -- 8983 11/09/92 18:50 EST
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|Date:||Nov 9, 1992|
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