US-based paper and packaging company International Paper (IP) has reported operating profits of $571m for the third quarter of 2011, an increase from $752m in the same period in the previous year.
In addition, Industrial Packaging segment’s sequential earnings increased to $301m from $269m in the second quarter of 2011.
The results were hurt by a decline in net sales to $6.6bn compared to $6.7bn year-on-year.
Consumer Packaging segment of the firm reported operating profit of $103m versus $98m in the second quarter of 2011.
IP’s North American distribution business, Xpedx, reported operating profits of $27m, up from $14m in the second quarter of 2011.
See Also:
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData