First quarter net earnings of US$30m have been reported by Weyerhaeuser Company.
The figure includes an after-tax extraordinary charge of US$23m relating to the acquisition of Willamette Industries. The amount compares with US$107m for the first quarter in 2001.
Net sales for the first quarter were US$4bn compared with US$3.6bn for the first quarter last year.
Company chairman, president and ceo, Steven Rogel, says he is confident of achieving at least US$300m in annual synergies at the end of three years.
