Patriot Transportation Holding Inc., Jacksonville, Fla., reported net income increased 25.6% to $1,656,000 or $.55 per diluted common share for the first quarter of fiscal year 2005
, compared to $1,318,000 or $.44 per diluted common share for the same quarter last year.
For the first quarter of fiscal 2005, consolidated revenues were $31,374,000, an increase of $3,690,000 or 13.3% over the same quarter last year.
Patriot Transportation Holding Inc. is engaged in transportation and real estate. The company's transportation business is conducted through Florida Rock & Tank Lines Inc., which specializes in hauling liquid and dry bulk commodities, and SunBelt Transport Inc., a flatbed carrier hauling primarily construction materials.
The company's real estate group, comprised of FRP Development Corp. and Florida Rock Properties Inc., acquires, constructs, leases, operates and manages land and buildings.
Patriot Announces Results for Fiscal Quarter
Patriot Transportation Holding Inc., Jacksonville, Fla., reported net income increased 25.6% to $1,656,000 or $.55 per diluted common share for the first quarter of fiscal year 200
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