Atlantic Packaging Company turnover falls
The financial year ended 30 June 2006 saw the turnover for Atlantic Packaging Company Limited, a company listed on the South Pacific Stock Exchange, fall to F$5.3 million from over F$6.1 million recorded in the preceding financial year. Likewise, profits fell from F$0.31 million to F$0.15 million over the same period.
The fall in turnover and profits have been attributed to a continued deterioration in demand from the garment industry, although this has been countered by an increase in supply to the Biscuit Company of Fiji.
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