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KENAN TRANSPORT COMPANY REPORTS FIRST QUARTER RESULTS

 KENAN TRANSPORT COMPANY REPORTS FIRST QUARTER RESULTS
 CHAPEL HILL, N.C., May 4 /PRNewswire/ -- Kenan Transport Company


(NASDAQ: KTCO) today reported results for the first quarter of 1992.
 Revenue for the first quarter of 1992 was $13,471,000, an increase of $1,325,000 and 11 percent over the first quarter of 1991. Net income was $836,000, an increase of $205,000 and 32 percent. Earnings per share were $.35 compared to $.27 in 1991.
 QUARTER ENDED MARCH 31
 1992 1991
 Revenue $13,471,000 $12,146,000
 Net Income $ 836,000 $ 631,000
 Earnings Per Share $ .35 $ .27
 -0- 5/4/92
 /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


JZ -- CH003 -- 5900 05/04/92 09:53 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:May 4, 1992
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