Metroglass downgrades profit again

Sun, 17 Mar 2019

By Jenny Ruth March 18 (BusinessDesk) - Metro Performance Glass has cut its profit guidance yet again and now expects annual operating profit will be about 12 percent lower than the last time it downgraded in November. It says earnings before interest and tax for the year ending this month should come in at about $25 million, down from the November guidance of $28 million, and is blaming a poor performance in Australia, the same reason it gave for the previous downgrade. As well, the company will be writing off $7-10 million from its i...

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