Printer Friendly

FFP PARTNERS, L.P. ANNOUNCES FOURTH-QUARTER AND YEAR-END RESULTS

 FFP PARTNERS, L.P. ANNOUNCES FOURTH-QUARTER AND YEAR-END RESULTS
 FORT WORTH, Texas, March 26 /PRNewswire/ -- FFP Partners, L.P. (AMEX: FFP) today announced net income of $188,000 ($0.05 per Class A and Class B unit) for its fourth fiscal quarter ended Dec. 29, 1991. Revenues for the quarter were $65,682,000.
 Comparative data for the fourth quarter and full year of 1991 and 1990 are presented below:
 FFP PARTNERS, L.P.
 (In thousands, except per unit data)
 Fourth Quarter Full Year
 1991 1990 1991 1990
 Total revenues $65,682 $81,340 $270,476 $276,116
 Operating income 635 1,046 1,734 2,275
 Income/(loss)
 Continuing operations 188 175 (694) (651)
 Discontinued operations -- 86 -- 446
 Net income 188 261 (694) (205)
 Income/(loss) per Class A
 and Class B unit
 Continuing operations $0.05 $0.05 $(0.19) $(0.18)
 Discontinued operations -- 0.02 -- 0.12
 Net income 0.05 0.07 (0.19) (0.06)
 Weighted average number of
 Class A and Class B units
 outstanding 3,585 3,585 3,585 3,604
 The company noted that the significant decline in revenues in the fourth quarter of 1991 as compared to the same period in 1990 was due to lower wholesale fuel sales volumes and significantly lower retail fuel prices in the 1991 period. The volume of retail fuel sales in the 1991 quarter was up 6.3 percent from the 1990 period and merchandise sales increased by 3.8 percent.
 FFP Partners is a publicly traded limited partnership which owns and operates over 300 convenience stores, truck stops, and self-service gasoline outlets in 12 central, southern and southwestern states. The company also sells motor fuel on a wholesale basis to other retailers and to commercial end users of motor fuels. Its Class A units are listed on the American Stock Exchange.
 -0- 3/26/92
 /CONTACT: Steven B. Hawkins of FFP Partners, 817-838-4767/
 (FFP) CO: FFP Partners L.P. ST: Texas IN: SU: ERN


CK -- NY058 -- 2001 03/26/92 13:04 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 26, 1992
Words:340
Previous Article:BANKATLANTIC REPORTS YEAR-END RESULTS AT ANALYST/PRESS MEETING
Next Article:SOMATIX RAISES ADDITIONAL $5.2 MILLION: OVERALLOTMENT OPTION EXERCISED
Topics:


Related Articles
FFP PARTNERS, L.P. ANNOUNCES EARNINGS FOR THIRD FISCAL QUARTER ENDED SEPTEMBER 26, 1993
FFP PARTNERS, L.P. REPORTS RESULTS
FFP PARTNERS, L.P.. ANNOUNCES RESULTS
FFP PARTNERS, L.P. ANNOUNCES EARNINGS
FFP PARTNERS, L.P. ANNOUNCES RESULTS
FFP PARTNERS, L.P. ANNOUNCES FIRST QUARTER RESULTS
FFP PARTNERS, L.P. ANNOUNCES SECOND QUARTER EARNINGS
FFP Partners Announces Third Quarter Results
FFP Partners Announces 1st Quarter 1998 Results
FFP Partners Reports 1998 Results.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters