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International Paper reports Q2 profit slump
date:Aug 01, 2012
kaging operating profit was $63m compared with $96m in Q1 2012. The quarter was impacted by higher costs attributable to maintenance expenses and continued soft business conditions.

Special items in Q2 2012 included a pre-tax charge of $62m ($38m after taxes) to adjust the value of the assets of the Hueneme mill in Oxnard, California to their fair value in anticipation of divestiture.

Pre-tax charges of $35m ($22m after taxes) for integration costs related to the Temple-Inland acquisition and

12/22 01:35