MeadWestvaco posts loss


1 August 2006 — Richmond (VA): MeadWestvaco has posted a Q2 net loss of $7 million or $0.04 per share, compared to a loss of $83 million or $0.41 in Q2 2005.
Q2 sales stood at $1.57 billion, slightly lower than $1.58 billion in Q2 2005. Sales in the consumer and office products segment fell in Q2 to $260 million compared to $297 million a year earlier.
The company was subject to a restructuring charge of $37 million.