1 Despite continuing problems in its newsprint business, Kimberly-Clark Corp. posted a 20% gain in third-quarter net income.
2 The consumer-products and newsprint company said net rose to $108.8 million, or $1.35 a share, from $90.5 million, or $1.12 a share, a year ago.
3 Sales rose 6.2% to $1.45 billion from $1.37 billion.
4 After a flat second quarter tied largely to lower newsprint earnings, Kimberly-Clark attributed the gain to improved results in its consumer businesses in North America, Brazil and Korea.
5 Those gains came from higher prices, particularly for disposable diapers and tissue products, and from increased sales, primarily for feminine-care products, the company said.
6 Newsprint results continued to be depressed, the company added, because of industrywide price discounting.
7 The quarter-to-quarter comparison was also enhanced by charges taken in the year-earlier period, including $11 million related to the modernization of a pulp and newsprint mill in Alabama.
8 In the 1989 period also, interest expense and tax rates were lower than a year ago.
9 In the first nine months, profit rose 10% to $313.2 million, or $3.89 a share, from $283.9 million, or $3.53 a share.
10 Sales rose 6.7% to $4.27 billion from $4 billion.
11 In New York Stock Exchange composite trading, Kimberly-Clark closed at $66.50 a share, up $1.50.

Despite continuing problems in its newsprint business , Kimberly - Clark Corp . posted a 20 % gain in third - quarter net income .
newsprint business ,
What is Kimberly-Clark's newsprint business?