Griffin Reports Q4 EPS of $(0.11)

Griffin Land & Nurseries, Inc. GRIF today reported a 2010 fourth quarter operating profit of $91,000 on total revenue of $7,782,000, as compared to an operating loss of ($971,000) on total revenue of $7,084,000 for the 2009 fourth quarter. For the 2010 full year, Griffin reported an operating loss of ($3,147,000) on total revenue of $35,611,000, as compared to an operating loss of ($5,360,000) on total revenue of $39,199,000 for the 2009 full year. Griffin reported a 2010 fourth quarter net loss of ($545,000) and a basic and diluted net loss per share of ($0.11) as compared to a 2009 fourth quarter net loss of ($1,282,000) and a basic and diluted net loss per share of ($0.25). For the 2010 full year, Griffin reported a net loss of ($4,487,000) and a basic and diluted net loss per share of ($0.88) as compared to a net loss of ($5,513,000) and a basic and diluted net loss per share of ($1.09) for the 2009 full year.