Patriot Transportation Holding, Inc. Announces Results for Third Quarter and First Nine Months of Fiscal Year 2012

Patriot Transportation Holding, Inc. reported net income of $2,684,000 or $.28 per diluted share, in the third quarter of fiscal 2012, an increase of $305,000, or 12.8%, compared to net income of $2,379,000, or $.25 per diluted share, in the same period last year. Net income for the first nine months of fiscal 2012 was $6,451,000, or $.68 per diluted share, a decrease of $4,006,000, or 38.3% compared to net income of $10,457,000, or $1.11 per diluted share, for the same period last year. Income from discontinued operations favorably impacted net income in fiscal 2011 due to an after tax gain of $4,926,000, or $.52 per diluted share, from the exchange of property.

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