September 8/Smithfield, Va./Globe Newswire -- Smithfield Foods Inc. reported fiscal 2011 first quarter results. Net income was $76.3 million, or $.46 per diluted share, an improvement of $184.0 million, or $1.21 per diluted share, from the first quarter of fiscal 2010. Consolidated operating profit improved $252.4 million versus a year ago. Pork segment operating profit increased $12.3 million, or 12%.
Fresh pork operating profit improved $51.0 million, while packaged meats results remained strong at $67.3 million, or $.11 per pound. The pork segment produced record first quarter earnings for the fourth time in a row, and hog production returned to profitability, improving by $244.0 million. Other segment results rose $5.8 million.