MPG Reports FY20 Results, Stock Price down by 6%

  • Jun 19, 2020 NZST
  • Team Kalkine
MPG Reports FY20 Results, Stock Price down by 6%

For the full year ended 31 March 2020, Metro Performance Glass Limited (NZX:MPG) reported revenue of $254.9 million, down by 5% as compared to previous year, with diminished exposure to large-scale commercial projects in NZ that were partly counteracted by growth in revenue in Australia. The New Zealand segment declined by 7% and Australia segment was up by 3%.  

  • EBIT before significant items decreased by 8% to $23.2 million.
  • Statutory NPAT stood at -$77.9 million down from $5.0 million in FY19;
  • The company reduced its net debt by $16.5 million to $66.9 million.

 


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