
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SATURDAY, March 2, 1991                   TAG: 9103020284
SECTION: BUSINESS                    PAGE: A-8   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

WESTVACO REPORTS INCOME DECLINE

Westvaco Corp., operator of a major containerboard mill at Covington, said its net income for the first quarter ending Jan. 31 was $16.6 million or 25 cents a share, down 64.2 percent from $46.4 million or 71 cents a year earlier. In January, the company said it would take a special charge of $25 million against income to cover the expense of a reduction of $115 million in capital spending during the recession. Sales for the quarter came to $573.3 million, down 2.1 percent from $585.5 million a year earlier.

- Staff report

by CNB