Metroglass barely profitable before wage subsidy

Mon, 23 Nov 2020

Metro Performance Glass was barely profitable in the first-half but a $6.1 million boost from the government's wage subsidy limited the fall in its bottom-line result to 2 percent.The company's bottom-line result for the six months ended Sept. 30 of $7.6 million compared with $7.7 million in the same six months last year.But its struggling Australian operations passed the break-even point and delivered earnings before interest and tax of $400,000, a turnaround from the previous first half's $2.3 million loss, on a 3 percent sales in...

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