Metroglass profit dips on Aussie expansion costs, capex looms

Wed, 24 May 2017

By Pattrick Smellie May 25 (BusinessDesk) - Metro Performance Glass delivered a $19.4 million net profit for the year to March 31, down from $21.3 million a year earlier, as it absorbed the costs of a major acquisition in the Australian market and the impact of declining building activity in Canterbury and a dip in Wellington activity after the Kaikoura earthquake last November. Reflecting the Australian Glass Group acquisition last September, total revenue rose 30 percent to $244.3 million, with earnings before interest, tax, depreciatio...

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