Patriot Transportation Holding Reports Q1 EPS of $.68

Patriot Transportation Holding, Inc. PATR reported net income of $6,395,000 or $.68 per diluted share in the first quarter of fiscal 2011, an increase of $5,059,000 or 378.8% compared to net income of $1,336,000 or $.14 per diluted share in the same period last year. The first quarter of fiscal 2011 included an after tax gain of $4,926,000 or $0.52 per diluted share from the previously disclosed sale of property in Caroline County, Virginia.