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International Paper 4th-qtr profit nearly doubles

Tuesday, 4 Feb 2014 | 7:23 AM ET

Feb 4 (Reuters) - International Paper Co, the largest North American producer of corrugated shipping boxes, said on Tuesday that fourth-quarter profit nearly doubled due in part to strong sales to Amazon.com Inc and other retail customers.

For the quarter, the company 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.

Revenue rose to $7.25 billion from $7.08 billion in the year-ago period.

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