Zhongpin Reports FY 2010 EPS of $1.65 vs. $1.46 Year Ago

Zhongpin Inc. HOGS today reported higher revenues, net income, and earnings per share for the year 2010.

Revenues increased 30% to $946.7 million in 2010 from $726.0 million in 2009.

Net income increased 28% to $58.3 million in 2010 from $45.6 million in 2009.

Basic earnings per share increased 13% to $1.67 in 2010 from $1.48 in 2009 with average basic shares outstanding being 13% higher than 2009.

Diluted earnings per share increased 13% to $1.65 in 2010 from $1.46 in 2009 on average diluted shares outstanding being 13% higher than 2009.