International Paper reported second-quarter net income more than tripling. The company cited higher pulp and paper prices and cost savings from recent mergers as reasons for the improvement.
Profits in the three months ended June 30 rose to $315 million. This compared to profits of $99 million in the year-ago quarter excluding extraordinary items. Revenues in the latest period rose about 12% to $6.8 billion from $6.0 billion in the year-ago quarter.
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