MIDSOUTH NET INCOME PUT AT $1.23 MILLION

MIDSOUTH NET INCOME PUT AT $1.23 MILLION

MidSouth Corp. reported net income of $1.23 million, or 35 cents a share, on revenue of $14.3 million for the 1987 fourth quarter.

In the same quarter a year earlier, MidSouth earned $1.32 million, or 43 cents a share, on revenue of $11.8 million.In its first full year of operations, MidSouth reported income of $5.3 million, or $1.69 a share on revenue of $53.1 million. In 1986, the company operated only nine months and reported a net of $4.3 million, or $1.49 a share, on revenue of $39.5 million.

Edward L. Moyers, MidSouth's president and chief executive officer, said revenue increased because of the acquisition of 65 miles of new track, which now operates as MidLousiana Rail Corp.