Verso Paper Reports Price Increases Produce Smaller Net Loss

Net sales for the coated and supercalendered papers segment increased 16.2 percent in the first quarter of 2011 to $351.7 million from $302.8 million for the same period in 2010, due to a 13.0 percent increase in the average paper sales price per ton combined with a 2.8 percent increase in paper sales volume.