MeadWestvaco reports 2006 sales increase.(HIT $6.5 BILLION)(Financial report)
Official Board Markets, February, 2007
MeadWestvaco Corp., Richmond, Va., reports fourth quarter net income of $41 million. Sales in the fourth quarter were $1.78 billion, a 9 percent increase compared to sales in the fourth quarter of 2005, reflecting the addition of Calmar in 2006, as well as increases in sales at most of the businesses.
Fourth quarter 2006 income from continuing operations increased compared to the fourth quarter of 2005 on the same basis, due to improved pricing for MeadWestvaco's high-quality paperboard and to higher productivity at the paperboard mills partially offset by higher prices for energy, wood and other raw materials. Improved performances in Consumer and Office Products and Specialty Chemicals were partially offset by lower profitability in global media...
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