Metro Glass CEO Rigby aims to cut debt, invest more after 1H result

Mon, 21 Nov 2016

By Sophie Boot Nov. 22 (BusinessDesk) - Metro Performance Glass chief executive Nigel Rigby says the company wants to reduce its gearing but also invest in New Zealand and Australia, where it sees growth in demand The company yesterday reported a 5 percent gain in first-half profit to $11.5 million on a 23 percent lift in revenue to $116.3 million, as it benefited from a strong local construction market and booked a one-time gain from its acquisition of Australian Glass Group (AGG) "The Australian market looks pretty robust on a single...

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