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2/6/2013 5:00:00 PM Write a Letter to the Editor Write a letter to the Editor

Patriot Transportation’s 1Q Profit Rises

Patriot Transportation Holding said its fiscal first-quarter profit rose from a year ago.

Net income for the quarter ended Dec. 31 was $3.1 million, or 33 cents a share, up from $2.1 million, or 23 cents, a year earlier.

Revenue rose 8.9% to $33 million, while transportation segment revenue rose $1.8 million to $26.6 million. Its transportation segment’s operating profit rose 24.5%.

Patriot operates tank carrier Florida Rock & Tank Lines and a real estate business.

By Transport Topics

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