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KENAN TRANSPORT COMPANY REPORTS SECOND QUARTER RESULTS

 KENAN TRANSPORT COMPANY REPORTS SECOND QUARTER RESULTS
 CHAPEL HILL, N.C., July 30 /PRNewswire/ -- Kenan Transport Company


(NASDAQ-NMS: KTCO) today reported results for the second quarter of 1992.
 Revenue for the second quarter of 1992 was $12,858,000, an increase of $1,081,000 and 9 percent over the second quarter of 1991. Net income was $641,000, an increase of $179,000 and 39 percent. Earnings per share were $.27 compared to $.20 in 1991.
 Revenue for the six months ended June 30, 1992 was $26,329,000, an increase of $2,406,000 and 10 percent over 1991. Net income was $1,477,000, an increase of $384,000 and 35 percent. Earnings per share were $.63 compared to $.46 in 1991.
 Quarter Ended June 30
 1992 1991
 Revenue $12,858,000 $11,777,000
 Net Income $ 641,000 $ 462,000
 Earnings Per Share $ .27 $ .20
 Six Months Ended June 30
 1992 1991
 Revenue $26,329,000 $23,923,000
 Net Income $ 1,477,000 $ 1,093,000
 Earnings Per Share $ .63 $ 0.46
 -0- 7/30/92
 /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


CM -- CH007 -- 5216 07/30/92 15:19 EDT
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Publication:PR Newswire
Date:Jul 30, 1992
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