International Paper has posted a net profit for the first quarter, with a slight increase in sales. It reported a net income of $44 million, compared with a net loss of $1.1 billion a year ago, and sales increased 1.6% to $6.1 billion. Earnings were up in its printing papers unit. The company says future results should be helped by higher prices for some of its products and a decline in energy costs.
28-Apr-2003
