Saturday, February 28, 2009

New Page Profits

From the Escanaba Daily Press.

Oops, no profit last year for New Page. Did anyone tell Steve Kagen?
"Newpage posts $117 million loss
By Jenny Lancour
POSTED: February 28, 2009

ESCANABA - NewPage recently announced it's company-wide year-end financial results, showing a net loss greater than 14 times the previous year's loss, say company officials who are making adjustments to ride out the recession.

During a conference call via the company's Web site Thursday, company officials stated NewPage Corporation experienced a net loss of $117 million in 2008 compared to a net loss of $8 million in 2007."
 Newpage posts $117 million loss - DailyPress.net | News, Sports, Jobs, Escanaba Information | The Daily Press

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