Brief: Metro Performance Glass Posts FY Statutory Net Loss After Tax NZ$10.5 Mln

Metro Performance Glass

29/05/2023 24:23

May 29 (Reuters) - Metro Performance Glass Ltd  MPG.NZ :
    * FY GROUP EBIT BEFORE SIGNIFICANT ITEMS IMPROVED 100% TO
NZ$11.8
MILLION
    * GROUP REVENUE FOR YEAR OF NZ$263.5 MILLION WAS 12% HIGHER
THAN
PRIOR YEAR
    * ACTIVITY LEVELS IN BEGINNING OF FY24 HAVE REMAINED WITHIN
EXPECTATIONS
    * FY STATUTORY NET LOSS AFTER TAX OF NZ$10.5 MILLION VERSUS
NZ$0.5
MILLION IN FY22
    * LEVEL OF FINANCIAL PERFORMANCE IN FIRST HALF OF FY24 IS
EXPECTED
TO BETTER THAN PRIOR COMPARABLE PERIOD
    * NET DEBT IS EXPECTED TO BE BELOW NZ$55.0 MILLION AT HY
    * COST OUT PROGRAMME AND RESTRUCTURE OF NZ BUSINESS WILL
CONTINUE,
DELIVERING OPERATIONAL AND FINANCIAL BENEFITS THROUGH FY24


Further company coverage:  MPG.NZ 

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