AMG Profits up by 5.4% for the Nine-Month Period

• For the nine months ended May 2020, net profit at AMG Packaging Paper Company Limited rose 5.4% (or $1.94Mn) up to $37.83Mn (EPS: 7¢).
• A 13.7% (or $63.14Mn) decline in cost of sales, despite a 9.2% (or $54.11Mn) drop in revenues was the main contributor to the improvement in the company’s bottom line.
• The company’s stock price has fallen 14.7% since the start of the year, closing Monday’s trading session at $1.80. At this price, the stock currently trades at a P/E of 15.0x earnings, which below the Junior Market Manufacturing Sector Average of 21.9x.

(Source: AMG Financials)