Metro Glass posts $20.5M maiden profit, meeting guidance, on construction pickup

Wed, 25 May 2016

By Sophie Boot May 26 (BusinessDesk) - Metro Performance Glass posted a maiden full-year profit as a listed company that met guidance as the country's largest glass processor benefited from increased construction activity while coping with what it called supply and execution issues. Net profit was $20.5 million in the 12 months ended March 31, its first full trading year as a listed company, Auckland-based Metro Glass said in a statement. It reported profit of $9.6 million net profit for the eight months ended March 31, 2015. Sales were $...

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