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Metroglass barely broke even in the first half

Jenny Ruth
Mon, 22 Nov 2021

Metroglass barely broke even in the first half
Chief executive Simon Mander says everyone is being impacted by cost pressures. (Image: supplied)
Jenny Ruth
Mon, 22 Nov 2021
Metro Performance Glass barely broke even in its first half because of covid-related lockdowns and global supply chain disruption lifting costs.The company reported a net profit of $0.4 million, down from $7.6m in the same six months last year.The latest result included a $2.2m government wage subsidy and the year-earlier first half, which also included lockdowns, included a $6.1m wage subsidy."The lower wage subsidy compared with the prior comparable period was not sufficient to offset the impact of August and September 2021 lockdown, whi...

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