MetroGlass expects first-half profit to miss prospectus forecast due to building constraints

Wed, 26 Aug 2015

By Suze Metherell Aug. 26 (BusinessDesk) - Metro Performance Glass expects first-half profit to be below its prospectus forecast as capacity constraints in New Zealand's construction industry weighs on the country's largest glass processor. Profit will be between $10 million and $11 million in the six months ending Sept. 30, below its July 2014 prospectus forecast for profit of $12.1 million, chairman John Goulter told shareholders at its first annual meeting since floating on the NZX last July. Sales will be in line with its prospectus...

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