MetroGlass shares jump on Australia improvement

Fri, 21 Aug 2020

Metro Performance Glass shares jumped as much as 14 percent after the company said its Australian business was profitable in the four months through July.Australian Glass Group, which accounted for about a fifth of the group’s revenue in the March year, achieved revenue of A$17.1 million in the period, unchanged from a year earlier. Chief executive Simon Mander said sales growth there had offset the impacts of covid-19 and the rationalisation of the company’s New South Wales activities in November.He said AGG delivered positive earn...

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