Verso Paper Corp. generated $1.77 billion in sales during 2008, up from $1.63 billion in 2007. The company trimmed its net loss from $111.5 million a year ago to $62.8 million for the year ended Dec. 31, 2008.
Much of the loss was due to retiring debt, including a prepayment penalty.
Much of the revenue growth was due to a 16.5% increase in the average sales price per ton for all products. Sales volume fell by 6.8% from 2007
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