Jul 26, 2012. /Lesprom Network/. Deltic Timber Corporation announced that net income for the 2Q 2012 was $3.5 million, $.28 a share, compared to $2 million, $.16 a share, a year ago. The increase was due to significantly improved operating results for Deltic’s Mills segment, which benefitted from a higher average lumber sales price and an increased lumber sales volume when compared to the same period of 2011, as the company said in the press release received by Lesprom Network. Partially offsetting these favorable items were decreases in operating income for the Company’s Real Estate and Woodlands segments, primarily due to no commercial real estate acreage sales in the current period, decreased pine sawtimber harvest volumes and average per-ton sales prices, and reduced sales of recreational-use hardwood timberland acreage. Net cash provided by operating activities was $9.4 million for 2012’s 2Q, compared to $9.5 million in 2011. For the first six months of 2012, net income totaled $3.6 million, $.29 per share, compared to $2.1 million, $.17 per share, for the same period of 2011. Net cash provided by operating activities was $11.5 million for the first half of 2012 compared to $8.3 million for the same 2011 period. Commenting on the results, President and CEO, Ray C. Dillon, stated, “The financial performance of Deltic’s diverse assets for the second quarter was encouraging given the continued difficult operating environment that exists. The economic leverage of the Company’s ownership of efficient sawmills was again evident during the quarter. These sawmills provide a secure market for Deltic’s sustainably managed, valuable timberland assets, and they are well positioned whenever market conditions present opportunities. With the cash flows generated by these operations, we repaid $5.6 million of debt during the 2Q. Since the economic environment for our businesses continues to be uncertain, we will maintain a defensive posture for the remainder of 2012.” Deltic Timber Corporation is a natural resources company focused on the ownership and management of timberland.