Tianli Ag is having another follow on to it's great earnings. The stock started it's rise in late September and is up more than 100% since this move started. Great stock symbol!! Someone at the company clearly has some marketing savy. I expect this to be volatile with it's recent run up. But this looks like a cool story.
Tianli Agritech (NASDAQ:OINK ), a leading producer of breeder and meat hogs headquartered in Wuhan City, China, this week announced its financial results for the three and nine month periods ended September 30, 2010.
Third Quarter 2010 Financial Highlights
-- Revenue was $5.5 million, representing an increase of 76% as compared
to the third quarter of 2009
-- Breeder hog revenue increased 83% and meat hog revenues increased 70%
over the comparable 2009 period. The higher margin breeder revenue
comprised 46% of the Company's revenue in the third quarter
-- Gross profit more than doubled to $2.4 million with a gross margin of
44.2%, up more than six percentage points from last year's level
-- Net income was $2.2 million, up 106% from 2009's third quarter,
resulting in earnings per share of $0.23
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