UPFRONT

Merrill Sees Increased Earnings

ST. PAUL, MN—Merrill Corp. has announced a 16 percent increase in net income for the fiscal first quarter ended April 30, 2003. Despite a 3 percent decrease in revenue for the quarter to $154 million, net income for the fiscal quarter was $3.6 million, an increase of $500,000 from the same period in the prior fiscal year.