FFP Partners Proclaims Big Turnaround

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FFP Partners Proclaims Big Turnaround

08/22/2001
FFP Partners L.P., which operates 424 NuWay, Mr. Cut Rate and Kwik Pantry convenience stores in 11 states through its FFP Marketing Co. Inc. subsidiary, said yesterday it earned $61,000 in the second quarter on total revenues of $1.055 million.

The earnings are a whopping 217-percent increase over the 2000 second quarter, which saw the company report losses of more than $52,000 on total revenues of $876,000.

The results for the first six months, however, are still down overall this year from the same period in 2000. For the first half of 2001, FFP Partners earned $144,000 on revenues of $2.14 million as compared to net income in the first half of 2000 of $251,000 on revenues of $2.33 million.

In addition to the convenience stores FFP Marketing Co. operates a fuel processing plant and terminal and Financial Express Money Orders.