Metro Performance Glass posts $11m profit

METRO Performance Glass reported a net profit of $11 million for the half year to September 30, 2015 on revenue of $94.9 million, underpinned by continued strong construction markets.

WHILE the company exceeded prospectus sales forecasts, earnings were short of the target due to maintaining a higher operational cost base in order to support its customer service, hold a large forward book of commercial orders and continue to develop infrastructure for its double glazing business.

Originally published as Metro Performance Glass posts $11m profit