Patriot’s Fiscal 4Q Income Rises

Tank and bulk carrier Patriot Transportation Holding earned $3.2 million, or $1.02 a share, in its fiscal fourth quarter, up from $2.3 million, or 74 cents, in the 2007 quarter.

Transportation segment revenue for the quarter ended Sept. 30 rose by $6 million, to $39.6 million, the company said in a statement.

For the full year, Patriot’s net income fell to about $8 million, or $2.55 per share, from $9.5 million, or $3.05, a year ago. Transportation revenue rose 11.6% to $147.2 million.

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