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KIMMINS ENVIRONMENTAL SERVICE CORP. ANNOUNCES FIRST QUARTER RESULTS

 KIMMINS ENVIRONMENTAL SERVICE CORP. ANNOUNCES FIRST QUARTER RESULTS
 TAMPA, Fla., May 7 /PRNewswire/ -- Kimmins Environmental Service Corp. (NYSE: KVN) today announced its first quarter gross revenue and earnings.
 Gross revenue for the quarter ended March 31 was $16,728,000 compared to $21,180,000 for the same period in 1991. Net loss was $1,031,000 or ($.08) per share, compared with net income of $769,000 of $.06 per share in 1991.
 Francis M. Williams, president of Kimmins Environmental Service Corp., commented: "First quarter results include the settlement of the Diversified/Scullin litigation and were further negatively impacted by a delay in commencement of several projects. The delayed projects have all started in the second quarter and will have a positive impact on second quarter results."
 Quarter ended March 31 1992 1991
 Gross revenue $16,728,000 $21,180,000
 Net income (loss) $(1,031,000) $ 769,000
 Earnings per share $(.08) $.06
 Weighted average shares outstanding 13,324,000 13,324,000
 Kimmins Environmental Service Corp. and its subsidiaries provide solid waste management services, including collection, transfer and recycling; environmental services, including hazardous waste remediation and incineration; dismantling and abatement of industrial facilities; and environmental infrastructure development.
 Kimmins Environmental Service Corp. is headquartered in Tampa, Fla., and has regional offices in Niagara Falls, N.Y., Houston, Pittsburgh, San Francisco and Los Angeles.
 -0- 5/7/92
 /CONTACT: S. David Silver of Kimmins Environmental Service Corp., 813-247-0125/
 (KVN) CO: Kimmins Environmental Service Corp. ST: Florida IN: CHM SU: ERN


BN-EA -- AT015 -- 7829 05/07/92 16:57 EDT
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Publication:PR Newswire
Date:May 7, 1992
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