Bear Island Paper posts $964,803 of net income for January; sales up

By Caroline Salls

Pittsburgh, Feb. 29 - Bear Island Paper Co., LLC reported net income of $964,803 for January on net sales of $12.44 million, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Eastern District of Virginia.

The figures showed improvement over the $791,327 of net income posted for December on net sales of $11.79 million.

The company had $20.6 million in cash at Jan. 31, up from $20.25 million at the end of December.

Bear Island, a subsidiary of White Birch Paper Co., filed for bankruptcy on Feb. 24, 2010. The Chapter 11 case number is 10-31202.

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