COMMENT: Balance sheet concerns loom after latest Metroglass downgrade

Wed, 20 Mar 2019

By Jenny Ruth March 21 (BusinessDesk) - There were already signs of blood in the water and sharks circling Metro Performance Glass, even before this week’s profit downgrade. For investors, Metroglass has been one disappointment after another since its 2014 float. But, given the company has already suspended dividends until it gets its debt under control, dwindling earnings are particularly worrying. The company emphasised this week that it still expects debt will be down by $7 million for full-year 2019 – it had increased by $1.3 mi...

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