Longview Fiber reported net
income improved 47% for the first quarter 2001 as compared with the first
quarter 2000. Operating results improved in the manufacturing segments of the
business but declined in the timber segment.
For paper and paperboard
products the operating income for the first quarter was $3.6 million compared
with an operating loss of $0.8 million in the first quarter 2000.
Operating results were
favorably impacted by the profits from the sale of electrical power which were
made to mitigate the impact of higher energy costs. Average paper and
paperboard prices increased 5% and 3%, respectively, compared to year-ago
levels. The volume of paper and paperboard sold decreased 25% and 36%,
respectively.
Explore the February 2001 Issue
Check out more from this issue and find your next story to read.
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