AMG Packaging suffers reduced profits

AMG Packaging & Paper Limited (AMG), which makes cardboard boxes, suffered from reduced profits arising from increased paper prices on the global market.
The company experienced a 24.5 per cent rise in direct costs associated with manufacturing over three months ending February, rising to $34 million when compared with $27.3 million a year earlier.
The pass-through to consumers occurred in the subsequent quarter.
The company earned $0.01 per share during the quarter, compared to $0.03 a year earlier.

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