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International Paper reports Q2 profit slump
date:Aug 01, 2012
for the period ending 30 June 2012 compared with $6.7bn in Q1 2012 and $6.6bn in Q2 2011.

Earnings in Q2 2012 totaled $203m, compared with $338m in Q2 2011 due to seasonally peak maintenance outage expenses and an unfavourable non-cash foreign exchange swing at the Ilim joint venture in Russia.

The firm said these were partially offset by the Temple-Inland integration benefits and synergies tracking ahead of plan and cost and pricingimprovements.

Segment outlook

Industrial Packaging operatin

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