Patriot Transportation’s Profit Grows in 4Q

Tank and bulk carrier Patriot Transportation Holding said Tuesday it almost doubled its profit in its fiscal fourth quarter, compared with a year ago.

Its fourth-quarter net income was $1.994 million, or 63 cents a share, compared with $999,000, or 32 cents, a year ago.

Revenue for the quarter ended Sept. 30 rose slightly to $28 million, from $27.8 million. Transportation revenue rose slightly to $22.8 million.

For the fiscal year 2010, profit grew to $7.4 million, from $3.8 million the year before. Revenue fell to $111.3 million, from $113.6 million.

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


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