MetroGlass underlying annual profit fell 18%

Fri, 21 May 2021

Metro Performance Glass turned to an annual profit from a hefty loss the previous year but the operating profit excluding write-downs was down 18%.The $17.9 million earnings before interest and tax (ebit) for the year ended March was in the middle of February's guidance range and compared with $21m the previous year.The February guidance was for ebit between $16.5m and $18mBut the company did have some good news for shareholders – it intends to resume paying a dividend when it reports next year's results.Net profit of $8.5m compar...

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