May 12, 2009. /Lesprom Network/. Neenah Paper, Inc. posted a 1Q loss from continuing operations of 0.7 million or $0.05 per share, compared to income from continuing operations of $8.5 million or $0.57 per share in the 1Q 2008. Net loss for the quarter was $0.6 million or $0.04 per share, compared to a loss of $72.9 million or $4.88 per share in the same period last year, company said in a statement received by Lesprom Network. Consolidated net sales for the period were $134.1 million, compared to $205.6 million in the previous year period. Commenting on results, Sean Erwin, Chairman and CEO, said "Operating results improved by almost $15 million from the 4Q 2008 as we benefited from actions we have taken to reduce costs and from lower input prices. Our liquidity position improved as each of our businesses continues to generate positive cash flows, and we paid down debt for the second consecutive quarter. These results show that our teams have been successful in taking difficult but necessary actions to manage through the current environment, including the recently announced shutdown of the Ripon fine paper mill to further improve our cost position. In addition, we continue to invest in our brands and products and work closely with customers to support our long-term competitive position. The combination of all of these actions will position us as a stronger, more profitable company as global economies recover." Neenah Paper is a global manufacturer of premium, performance-based papers and specialty products.