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KENAN TRANSPORT COMPANY REPORTS THIRD QUARTER RESULTS

 CHAPEL HILL, N.C., Oct. 29 /PRNewswire/ -- Kenan Transport Company (NASDAQ-NMS: KTCO) today reported results for the third quarter of 1993.
 Revenue for the third quarter of 1993 was $14,157,000, an increase of $1,131,000 and 9 percent over the third quarter of 1992. Net income was $755,000, an increase of $92,000 and 14 percent. Earnings per share were $0.32 compared to $0.28 in 1992.
 Revenue for the nine months ended Sept. 30, 1993, was $42,047,000, an increase of $2,692,000 and 7 percent over 1992. Net income was $2,410,000, an increase of $270,000 and 13 percent. Earnings per share were $1.02 compared to $0.91 in 1992.
 QUARTER ENDED SEPT. 30:
 Revenue $14,157,000 $13,026,000
 Net Income $ 755,000 $ 663,000
 Earnings Per Share $ .32 $ .28
 NINE MONTHS ENDED SEPT. 30:
 Revenue $42,047,000 $39,355,000
 Net Income $ 2,410,000 $ 2,140,000
 Earnings Per Share $ 1.02 $ .91
 -0- 10/29/93
 /CONTACT: William L. Boone, vice president-Finance, of Kenan Transport, 919-967-8221/
 (KTCO)


CO: Kenan Transport Company ST: North Carolina IN: TRN SU: ERN

CM -- CH001 -- 8414 10/29/93 10:14 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
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