MeadWestvaco moves to profit

20 April 2006 Stamford (CT): MeadWestvaco has posted a Q1 profit of $3 million, or EPS of $0.02, compared with a Q1 loss of $6 million, or $0.03 per share, last year. The favourable tip was largely due to sales in the company’s chemical segment, which grew 19 per cent.

Revenue came in at $1.43 billion, up 4 per cent from $1.37 billion in 2005.