Rochester, NY 8/19/2009 8:54:12 PM
Boise, Inc., BZ - Boise Inc. Sees Improvement in the Company’s Second Quarter Financial Results
Boise, Inc.
Boise Inc. which is one of the leading maker of paper and packaging product reported as net income of $50.9 million or 60 cents per diluted share in the second quarter, compared to a net loss of $0.9 million or 1 cent a share in the previous quarter and a net loss of $18.1 million or 23 cents a share in the year-earlier quarter.
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“Our core businesses delivered solid earnings and cash flow during second quarter 2009 as demand for our office papers, label and release papers, and agricultural-based packaging products held up well despite the sluggish economy,” President and CEO Alexander Toeldte said in a release. “We reduced working capital and ended the quarter with a much-strengthened liquidity position. We will continue to focus on controlling costs, balancing production with demand, and generating cash.”
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