UPDATE: Metroglass' Australian woes drag annual net profit down 69%

Thu, 23 May 2019

(Updates share price and adds further detail and comment from 3rd par) By Jenny Ruth May 23 (BusinessDesk) - Metro Performance Glass blamed "significant challenges" in Australia for a 69 percent plunge in annual net profit and a slide in operating earnings consistent with the firm's March downgrade. Net profit for the year ended March was $5 million, down from $16.3 million the previous year – both the previous year’s profit and the year before that also declined. It reported a profit of $20.5 million in the 2016 financial year. Op...

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