Metro Performance Glass Limited refinances it's banking facilities. | Kalkine Market Update NZ|

Metro Performance Glass Limited (NZX:MPG) has refinanced its syndicated banking facilities and has extended the expiry date from August 2021 to October 2023. The total facility size has decreased from $120 million to $85 million, including a $10 million standby facility which will expire in October 2021.

NZX:IKE Grabs a Contract with Large US Utility Company

The company will primarily help with 250,000 assets, a small subset of approximately 10 million assets across the customer’s asset base.

The initial phase is expected to generate about $750,000 in revenue in FY21. It is a first major cross-sell from the company’s Pole Foreman acquisition that was finalized in October 2019.

* Abano’s (NZX:ABA) Results Impacted by Lockdown

For the twelve months ended on 31 May 2020, Abano Healthcare Group Limited (NZX:ABA) reported gross revenue of $295.5 million, EBITDA of $28.4 million and a NLAT of $48.7 million. earnings before interest, taxes, depreciation, and amortization. On a like for like basis, pre-NZ IFRS 16, Underlying profit stood at $0.7 million and Underlying EBITDA was $17.4 million pre-NZ IFRS 16. COVID-19 impacted the margins of the company, with Lumino reporting a 6.9% margin and Maven a 7.4% margin.

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