Metro Performance Glass thinking of selling Aussie arm

Fri, 24 Feb 2023

New Zealand's largest glass processor says trading for its 2023 financial year to date has been weaker in its NZ arm compared to its Australian arm which has improved its performance.In a trading update on its third-quarter performance this afternoon, Metro Performance Glass said it expects to achieve group earnings before interest and tax (Ebit) of between $11 million to $12m for the full 2023 financial year – compared to $5.9m in the previous year.Net debt is expected to increase to around $64m, which will be driven by working capit...

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