UPDATE: Metro Glass shares tumble after weaker-than-expected guidance

Fri, 03 Feb 2017

(Updates to add share price, comment from fund manager and company conference call) By Rebecca Howard Feb. 3 (BusinessDesk) - Metro Performance Glass shares dropped 17.5 percent after the company said annual profit was likely to be similar or lower than the prior year as costs were higher than expected and local sales were behind expectations on dwindling work in Canterbury and a dip in Wellington. The Auckland-based company, which has more than half the country's glass processing market, said it expects net profit to be in a range o...

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