Jul 29, 2010. /Lesprom Network/. Orchids Paper Products Company reported net income for the three months ended June 30, 2010, of $2.2 million, , compared with $3.8 million in the same period in 2009. For the first six months of 2010, net income was $3.5 million, compared with net income of $6.6 million, reported for the first six months of 2009. Net sales in the 2Q were a record $24.7 million, an increase of $554,000 or 2%, compared to $24.1 million in the same period of 2009. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the 2Q was $4.4 million, a decrease of $2.2 million or 33%, compared to $6.6 million for the same period in the prior year. As a percent of net sales, EBITDA was 17.8% in the 2010 quarter compared with 27.3% in the 2009 quarter. Gross profit for the 2Q 2010 was $5.1 million, a decrease of $2.7 million or 35%, when compared with a gross profit of $7.8 million in the comparable prior year quarter. Gross profit as a percent of net sales was 20.6% in the 2Q 2010 compared to 32.4% for the same period in 2009. Net sales decreased $2.1 million, to $45.7 million in the six months ended June 30, 2010 compared to $47.8 million in the same period of 2009. EBITDA for the six months ended June 30, 2010 decreased to $7.7 million or 36% compared to the $12.0 of EBITDA reported for the first six months of 2009. Gross profit for the six months ended June 30, 2010 was $8.9 million, a decrease of $5.4 million or 37% compared to gross profit of $14.3 million in the same period of 2009. Mr. Robert Snyder, President and CEO, stated, "We are encouraged by several areas of our business as we enter into the last half of the year. To begin with, our core business strengthened during the quarter, as case shipments improved by 14% over the 1Q 2010 to almost 1.6 million cases. In addition, our open order book was 15% higher at the end of the 2Q than the end of the 1Q. Secondly, the waste paper market stabilized during the 2Q, as purchase prices were slightly down compared to the 1Q. Finally, our converting expansion project was completed and turned over to operations at the end of June for an on-time and on-budget completion. While we are encouraged with the improvement in our performance over the 1Q, we anticipate the current aggressive competitive environment will continue in the near term." Orchids Paper Products Company is an integrated manufacturer of tissue paper products serving the private label consumer market. The Company produces a broad range of tissue products, including paper towels, bathroom tissue and paper napkins.