International Paper, the World's top wood products company has reportedly doubled its profit since one year. Though, the sales have taken a down trend.

International Paper revealed that its profit rose to $371 million, in the third quarter of this year as compared to $149 million in the corresponding period of 2008. However, the sales in the third quarter of 2009 have fallen down by 13 percent from $6.81 billion to $5.92 billion.

“The reduced capital spending cut output and eliminated jobs as the worst recession in seven decades lowered sales of office paper and container-board,” said John Faraci, the Chief Executive Officer.

"We expanded margins year-over-year and continued to deliver strong cash flow and pay down debt," he added.

Though, the materials costs has fallen down, the operating profit of the paper industry have risen to $138 million from $86 million. This has also resulted in a rise of export sales and higher domestic volumes.