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KENAN TRANSPORT COMPANY REPORTS THIRD QUARTER RESULTS

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


(NASDAQ: KTCO) today reported results for the third quarter of 1992.
 Revenue for the third quarter of 1992 was $13,026,000, an increase of $803,000 and 7 percent over the third quarter of 1991. Net income was $663,000, an increase of $51,000 and 8 percent. Earnings per share were $.28 compared to $.26 in 1991.
 Revenue for the nine months ended Sept. 30, 1992 was $39,355,000, an increase of $3,209,000 and 9 percent over 1991. Net income was $2,140,000 and increase of $435,000 and 26 percent. Earnings per share were $.91 compared to $.72 in 1991.
 QUARTER ENDED SEPT. 30
 1992 1991
 Revenue $13,026,000 $12,223,000
 Net Income $ 663,000 $ 612,000
 Earnings Per Share $ .28 $ .26
 NINE MONTHS ENDED SEPT. 30
 1992 1991
 Revenue $39,355,000 $36,146,000
 Net Income $ 2,140,000 $ 1,705,000
 Earnings Per Share $ .91 $ .72
 -0- 10/30/92
 /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


SB -- CH002 -- 7002 10/30/92 09:26 EST
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Publication:PR Newswire
Date:Oct 30, 1992
Words:211
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