Metroglass gives subdued guidance for 2020, promises to slash debt faster

Thu, 25 Jul 2019

By Victoria Young July 26 (BusinessDesk) - Metro Performance Glass has provided subdued earnings guidance for the 2020 financial year, and said it will cut debt at a faster pace. Ahead of its annual meeting today, the company forecast group earnings before interest and tax guidance of between $25-$27 million in the year ending March 31, 2020, after posting ebit before significant items of $25.2 million in the 2019 March year. The forecast is before the impact of changes to lease accounting standards which would push the figure up by...

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