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Metroglass reports a $13.5 million yearly loss but forecasts an 8% revenue growth for 2026.
Metroglass, a major New Zealand glass manufacturer, reported a yearly loss of $13.5 million due to a 16% drop in revenue, citing challenges in the Australian and New Zealand markets.
Despite the loss, the company forecasts revenue growth of about 8% for 2026, with further increases expected in 2027 and 2028.
Metroglass is pursuing an equity raise to secure its financial position amid ongoing market weakness.
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Metroglass reporta una pérdida anual de $ 13.5 millones, pero pronostica un crecimiento de ingresos del 8% para 2026.