International Paper 4Q 2013 nearly doubles

Photo: Billy Hathorn
Photo: Billy Hathorn

According to Reuters, International Paper almost doubled its profit in the fourth quarter 2013. The net income increase is partly due to strong sales to Amazon.com Inc and other retail customers.

For the quarter 2013, International Paper posted net income of $436 million, or 98 cents per share, up from $235 million, or 53 cents per share, in the year-ago period.