Metroglass shares tumble 28% on 1H result; CFO surprised

Mon, 26 Nov 2018

By Rebecca Howard Nov. 26 (BusinessDesk) - Metro Performance Glass shares nosedived 28 percent after its first-half profit tumbled 22 percent but chief financial officer John Fraser-Mackenzie says the move is overdone. The extent of the drop is surprising, in particular given the New Zealand result, Fraser-Mackenzie told BusinessDesk. The stock last traded at 38 cents after touching a record low of 37 cents. "We have produced a better result for New Zealand. We do believe that our fundamentals are looking good. Our customer service...

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