Make MENAFN My Home Page
 
  Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

US lumber firm Weyerhaeuser reports USD196m profit in Q2  Join our daily free Newsletter

MENAFN - 28/07/2013
No. of Ratings : 0
Add to Mixx!


(MENAFN) Washington-based timberland firm Weyerhaeuser Co. reported more than double quarterly earnings as it benefited from an improving housing market, AP reported.

The company said it made USD196 million net profit during the second quarter, up from USD84 million a year earlier.

Weyerhaeuser also reported a 19 percent increase in quarterly revenue to USD2.14 billion, from USD1.79 billion a year ago.


Earnings from its largest segment, wood products, more than tripled to USD136 million.

The company, however, expected the segment to report lower profits in the third quarter as prices for oriented strand board continue to fall.

The decline will be partially offset by higher sales volumes across most wood product lines.

 
 


MENAFN




Loading, Please wait....


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help