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...

More Property

Property manager Haven Living in liquidation
Property

Property manager Haven Living in liquidation

It was the second attempt to wind up the firm, following an earlier $1.5m deal with IRD.

JLL consulting to close two of three offices, sources say
Property

JLL consulting to close two of three offices, sources say

Commercial property company acknowledges the process but won't give details.

Underwriters left with $161m of Ryman stock
Property

Underwriters left with $161m of Ryman stock

Retail investors took up 42% of the shares offered to them in the capital raise.

Gregor Thompson 13 Mar 2025
Malaysian developer launches apartments, eyes opportunities
Infrastructure

Malaysian developer launches apartments, eyes opportunities

Christopher Luxon personally asked MRCB to attend investment summit.

Oliver Lewis 13 Mar 2025