Metroglass barely broke even in the first half

Chief executive Simon Mander says everyone is being impacted by cost pressures. (Image: supplied)

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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