close
MENU
Hot Topic Hawke’s Bay
How to guide
How to guide
Home
The NBR List
NBR View
NBR Marketplace

Categories

General Business Investment Economics Te Ao Māori Politics Infrastructure Australia Tech & Innovation Finance Law Professional Services Primary Industries Retail Property Deals Aviation News Comings & Goings

Analysis

All Economy Matters Edwards on Politics Hunter’s Corner Last Word Margin Call On the Money Shoeshine Underarm NBR Focus

Featured

Podcasts Audio Articles Entrepreneurs Your Business Beehive Banter Morning Brew Toil & Trouble NZ Aviation News Back Issues Market Outlook Dollars & Sense Private Bin Opinion (Archive) NBR Radar (Archive) NBR Rich List (Archive)
Hot Topic Hawke’s Bay
Investment
3 mins to read

Metroglass delivers ‘unsatisfactory’ result, drops to $27.5m loss

The beleaguered glass supplier has implemented leadership change and cost-cuts but outlook remains ‘soft’.

A Metroglass truck speeds to its destination.

Will Mace Wed, 29 May 2024
Key points
  • Revenue: Down 9.2% to $293.3m.
  • Profit: Down 161% to a loss of $27.5m.
  • Key takeaway: Under new leadership, the company is seeking to turn around its New Zealand business while paying down debt.

 

NZX and ASX-listed Metro Performance Glass (Metroglass) said its New Zealand business needs an “immediate step-change in performance” as it expects stubbornly high inflation and interest rates to continue to weigh on the softened construction sector.

The company today delivered what the board

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
View terms and conditions.
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Will Mace Wed, 29 May 2024
Contact the Writer: william@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Tags
Metroglass Metro Performance Glass capital raise
Company profile
Powered by:
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Related News
Investment
6

Metroglass to raise at least $15m to reduce debt, CEO resigns
Investment
3

Metroglass chair gone as board reduces headcount to cut costs
Investment

‘Revenge’ to blame for loss of Metroglass director?
Investment
1

Vulcan CEO resigns as Metroglass director
Investment
5

Metroglass board response ‘surprising, disappointing’, Wells says
Key points
  • Revenue: Down 9.2% to $293.3m.
  • Profit: Down 161% to a loss of $27.5m.
  • Key takeaway: Under new leadership, the company is seeking to turn around its New Zealand business while paying down debt.

 

Company profile
Powered by:
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Related News
Investment
6

Metroglass to raise at least $15m to reduce debt, CEO resigns
Investment
3

Metroglass chair gone as board reduces headcount to cut costs
Investment

‘Revenge’ to blame for loss of Metroglass director?
Investment
1

Vulcan CEO resigns as Metroglass director
Investment
5

Metroglass board response ‘surprising, disappointing’, Wells says
Metroglass delivers ‘unsatisfactory’ result, drops to $27.5m loss
Investment,
104266
true
Subscribe Login