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TRAVEL PORTS OF AMERICA, INC., FISCAL 1992 THIRD QUARTER RESULTS

 TRAVEL PORTS OF AMERICA, INC., FISCAL 1992 THIRD QUARTER RESULTS
 ROCHESTER, N.Y., Feb. 27 /PRNewswire/ -- Travel Ports of America, Inc. (NASDAQ: TPOA) today reported net income of $92,705 or $.02 per share on revenue of $33,723,090 for the third quarter ended Jan. 31, 1992. Net income for the nine months ended Jan. 31, 1992 was $340,737 or $.07 per share on revenue of $103,337,290.
 John Holahan, company president, reported that the decline in revenue was due to lower diesel retail prices and the closing of a marginally unprofitable facility in White Haven, Pa. Diesel gallon sales have increased 2.8 percent over the same quarter last year. Lower operating expenses and interest expense resulted in net income increasing by $217,408 from last year's third quarter.
 SUMMARY OF RESULTS (UNAUDITED)
 Three months ended January 31
 1992 1991
 Revenue $33,723,090 $38,291,497
 Net Income 92,705 (124,703)
 Per Share .02 ( .02)
 Shares Outstanding 5,184,038 5,184,038
 Nine months ended January 31
 1992 1991
 Revenue $103,337,290 $109,413,650
 Net Income 340,737 533,387
 Per Share .07 .10
 Average Number of Common and
 Common Equivalent Shares 5,184,038 5,189,275
 -0- 2/27/92
 /CONTACT: John M. Holahan or William Burslem III, both of Travel Ports of America, Inc., 716-272-1810/
 (TPOA) CO: Travel Ports of America, Inc. ST: New York IN: TRN SU: ERN


LC -- CL014 -- 3440 02/27/92 16:39 EST
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Publication:PR Newswire
Date:Feb 27, 1992
Words:250
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