SYDNEY–Packaging company Amcor Ltd. (AMC.AU) said its first-half profit fell by 6.2% because of unfavorable currency swings.
The Melbourne-based company reported a net profit of US$286.6 million for the six months through December, compared to US$305.5 million a year earlier.
Amcor has been restructuring its flexibles business, which provides packaging for the food and beverage, tobacco and pharmaceuticals industries in Europe, the Americas and Asia-Pacific region.
Meanwhile, its rigid plastics business in Venezuela has been hit by the deteriorating economic conditions, with it becoming harder for Amcor to access reliably U.S. dollars needed for importing raw materials. As a result, Amcor announce…
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