Metroglass shareholders query Australian division, executive pay

Fri, 26 Jul 2019

By Victoria Young July 26 (BusinessDesk) - Metro Performance Glass chair Peter Griffiths was forced to again defend the company’s position in Australia after giving lacklustre earnings guidance for the 2020 financial year. The company, which makes 80 percent of its revenue in New Zealand, has forecast group earnings before interest and tax of $25-$27 million in the year ending March 31, 2020, after posting ebit before significant items of $25.2 million in the 2019 March year. Griffiths said that in the 2020 financial year, the Austral...

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