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May 2 (Reuters) – International Paper Co, the largest
producer of corrugated boxes in North America, said Thursday
that its quarterly profit more than doubled on higher selling
prices to customers.
The company posted first-quarter net earnings of $318
million, or 71 cents per share, compared with $188 million, or
43 cents per share, in the same quarter last year.
Sales rose 7 percent to $7.1 billion.
