Patriot’s Fiscal 2Q Earnings Improve

Tank and bulk carrier Patriot Transportation Holding’s fiscal second-quarter net income improved slightly to $1.44 million, or 46 cents per share, from $1.41 million, or 46 cents, a year ago.

 

 

Income from continuing operations dropped to $1.31 million, or 44 cents per share, from $1.7 million, or 56 cents, a year ago.

 

Revenue for the quarter ended March 30 fell about 1% to $27.5 million, the company said Wednesday. Transportation segment revenue was $22.7 million, up $136,000 from a year ago.

 

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