Strong dollar hits Amcor profits

Amcor reported a net profit decline of 4.9 percent to us$305.5 million in the six months that ended Dec. 31, according to the Australian Financial Review.

The Australian packaging firm attributed the decrease primarily to a strengthening U.S. dollar

On a constant currency basis, after-tax profit rose 6.6 percent year-year to us$342.6 million, while overall revenue during the period declined 5.4 percent from a year ago to us$4.55 billion.