Metro Glass warns annual profit may drop as expected NZ sales don't eventuate

Thu, 02 Feb 2017

By Rebecca Howard Feb. 3 (BusinessDesk) - Metro Performance Glass, which has more than half the country's glass processing market, said annual net profit was likely to be similar or even lower than the prior year as local sales lagged behind expectations with dwindling work in Canterbury and a dip in Wellington. The Auckland-based company said it expects net profit to be in a range of $19 million to $20.5 million in the year ending March 31 versus a profit of $20.5 million a year earlier. Revenue is expected to be $240 million-to-$245 mi...

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