MetroGlass expects profit to miss forecast

Metro Performance Glass expects first-half profit to be below its prospectus forecast as capacity constraints in New Zealand's construction industry weigh on the country's largest glass processor.

Profit will be between $10 million and $11M in the six months ending September 30, below its July 2014 prospectus forecast for profit of $12.1M, chairman John Goulter told shareholders at its first annual meeting since floating on the NZX last July.Read more: http://www.3news.co.nz/business/metroglass-expects-profit-to-miss-forecast-2015082615#ixzz3juT1A4drMetro Performance Glass expects first-half profit to be below its prospectus forecast as capacity constraints in New Zealand's construction industry weigh on the country's largest glass processor.  

Profit will be between $10 million and $11M in the six months ending September 30, below its July 2014 prospectus forecast for profit of $12.1M, chairman John Goulter told shareholders at its first annual meeting since floating on the NZX last July.

Read more: http://www.3news.co.nz/business/metroglass-expects-profit-to-miss-forecast-2015082615#ixzz3juT1A4dr

600450 MetroGlass expects profit to miss forecast glassonweb.com
Date: 27 August 2015
Source: www.3news.co.nz

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