AMG Packaging and Paper Limited, which makes cardboard packaging for businesses, recorded higher profit but blamed the sluggish economy for its flat sales.
The company recorded a profit of $136 million for the year ending August 2024, up from $89 million in the previous year.
The increased profit came despite a rise in administrative expenses linked to salary increases.
The local packaging market includes a mix of imports and locally manufactured items, with main operators being AMG Packaging, Jamaica Packaging Industries, Sterling Packaging, and Red River Limited.
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