December 28, 2005 8:30 AM, EST

Patriot Transportation Restates Some Previous Earnings

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atriot Transportation Holding said it was revising its previously reported earnings results for the fourth quarter and full fiscal year, and its financial statements for some other prior earnings periods.

For the year ended Sept. 30, the company earned $7.6 million, compared with previously reported $7.5 million. Earnings per share was $2.50, compared with a previously reported $2.47.

For the fourth quarter ended Sept. 30, Patriot’s adjusted net income was $2.21 million or 72 cents a share, compared with a previously reported $2.18 million or 71 cents.

The company said the impact of the restatement is to increase revenues, earnings before income taxes, net earnings and earnings per share.

The adjustment has no impact on the company's net cash flows from operating activities or loan compliance, Patriot said in a statement.

Patriot operates tank carrier Florida Rock & Tank Lines, flatbed hauler SunBelt Transport and a real estate business.