JENNY RUTH: Metroglass top earners swell as shareholder returns plummet

Wed, 24 Jun 2020

Metro Performance Glass has been a perennial disappointer since it listed on the NZX in 2014 but, while its profits and share price have been falling, the number of top earners has been swelling. The company's shares were floated at $1.70 in mid-2014, valuing the company at $314.6 million, and peaked at $2.24 a number of times between July and September 2016. They ended trading yesterday at 20 cents, valuing Metroglass at $37.1 million. Since the float, the company did acquire another business, along with its executives, when it paid $...

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