Metroglass first-half profit falls 15%, downgrades annual outlook

Metroglass first-half profit falls 15%, downgrades annual outlook
Jenny Ruth
Metro Performance Glass said first-half net profit fell 15 percent due to variable construction activity and heightened competition. The glass manufacturer has also downgraded its full-year earnings before interest and tax by up to 22 percent, although that will still be above the previous year's result. Metroglass reported a $7.7 million profit for the six months ended September compared with $9.1 million for the same six months last year. Group revenue fell 3 percent to $136.7 million while ebit was down 6 percent at $14.5 million to...

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