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KENAN TRANSPORT COMPANY REPORTS FOURTH QUARTER RESULTS

 KENAN TRANSPORT COMPANY REPORTS FOURTH QUARTER RESULTS
 CHAPEL HILL, N.C., Jan. 29 /PRNewswire/ -- Kenan Transport Company


(NASDAQ: KTCO) today reported results for the fourth quarter of 1991.
 Revenue for the fourth quarter of 1991 was $13,029,000, a $235,000 and 2 percent increase over the fourth quarter of 1990. Net income was $848,000, an increase of $575,000 and 211 percent. Earnings per share were $.36 compared to $.12.
 Revenue for the year ended Dec. 31, 1991 was $49,175,000, a $783,000 and 2 percent increase over 1990. Net income was $2,553,000, an increase of $1,047,000 and 70 percent. Earnings per share were $1.08 compared to $.64.
 QUARTER ENDED DECEMBER 31
 1991 1990
 Revenue $13,029,000 $12,794,000
 Net Income $ 848,000 $ 273,000
 Earnings Per Share $ .36 $ .12
 YEAR ENDED DECEMBER 31
 1991 1990
 Revenue $49,175,000 $48,392,000
 Net Income $ 2,553,000 $ 1,506,000
 Earnings Per Share $ 1.08 $ .64
 -0- 1/29/92
 /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


JM -- CH002 -- 4598 01/29/92 09:26 EST
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Publication:PR Newswire
Date:Jan 29, 1992
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