Metroglass barely broke even in the first half

Metroglass barely broke even in the first half
Chief executive Simon Mander says everyone is being impacted by cost pressures. (Image: supplied)
Jenny Ruth
Metro Performance Glass barely broke even in its first half because of covid-related lockdowns and global supply chain disruption lifting costs.The company reported a net profit of $0.4 million, down from $7.6m in the same six months last year.The latest result included a $2.2m government wage subsidy and the year-earlier first half, which also included lockdowns, included a $6.1m wage subsidy."The lower wage subsidy compared with the prior comparable period was not sufficient to offset the impact of August and September 2021 lockdown, whi...

More Infrastructure

Opening day congestion for untolled Penlink highway – NZTA
Infrastructure

Opening day congestion for untolled Penlink highway – NZTA

The road should be redesigned if the Government chooses not to toll, agency said.

Oliver Lewis 26 Jul 2024
Downtown car park building legal challenge 'resolved'
Infrastructure

Downtown car park building legal challenge 'resolved'

Society challenging the sale to Precinct raised 0.4% of its High Court funding target.

Oliver Lewis 25 Jul 2024
Govt to fight receivers over $30m Tui oil field tax credit
Infrastructure

Govt to fight receivers over $30m Tui oil field tax credit

Crown bid to have liquidators cover decommissioning costs is subject to approval.

Victoria Young 24 Jul 2024
Govt agrees 'in principle' to $10b worth of Northland roading PPPs
Infrastructure

Govt agrees 'in principle' to $10b worth of Northland roading PPPs

The Northland expressway project could be one of the first PPPs out of the gate.

Dileepa Fonseka 23 Jul 2024