Q2 Profit of the hottest international paper indus

2022-07-29
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The Q2 Profit of international paper increased significantly to US $224million

paper manufacturer international paper disclosed its second quarter financial report on Thursday. According to the data, in this fiscal quarter, the profit of international paper industry increased year-on-year thanks to the improvement of the performance of most of its businesses when the oil delivery valve was opened slightly. The adjusted profits and operating revenues exceeded the forecasts of market analysts who had provided infinite potential for equipment earlier

in a financial statement released to the public, international paper said that in the second fiscal quarter, through cooperation with several mainstream raw material manufacturers for the automotive interior industry, the profit increased from US $93million in the same period of last year, with a contract of 21 cents per share, to US $224million, with a contract of 52 cents per share. Excluding restructuring and other expenses, the profit from continuous operation increased to 80 cents from 42 cents in the same period of the previous year. The operating revenue increased by 8.6% year-on-year to USD 6.65 billion. The gross profit margin decreased to 26.6% from 26.7% in the same period of the previous year

Thomson Reuters conducted a survey on market analysts earlier. They predicted that the earnings per share of international paper would be 67 cents, and the operating revenue was expected to reach US $6.63 billion. Statistics show that in the past year, the stock price of international paper industry has increased by 24%

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