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International Paper posts improved third quarter 2009 earnings of USD371m

Oct 29, 2009 (M2 EQUITYBITES via COMTEX) --

Company: International Paper Co. (IP)

Paper company International Paper (NYSE:IP) reported on Wednesday preliminaryAnet earnings, including special items, attributable to common shareholders of USD371m, or USD0.87 per share, for the third quarter 2009. A This reflects a growth when compared with net earnings of USD136m, or USD0.32 per share, including special items, in the second quarter of 2009 and USD149m, or USD0.35 per share, including special items, for the third quarter of 2008. A Operating profits in the third quarter 2009 were USD940m, an improvement from USD788m from the second quarter of 2009 and USD536m from the third quarter of 2008. A Quarterly net sales were reportedly USD5.9bn in the third quarter 2009 as compared with USD5.8bn in the second quarter of 2009 and USD6.8bn in the third quarter of 2008. 

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Company: International Paper Co. (IP)


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