Metro Performance Glass Ltd (AU:MPP) has released an update.
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Metro Performance Glass Ltd has reported a challenging fiscal year 2024 with a total revenue of $239.3 million and a net loss of $27.5 million, driven by a significant downturn in the New Zealand market despite better performance in Australia. The company reduced its net debt by $7 million and is exploring capital raising options to further lower its indebtedness. The board is committed to new strategies and operational improvements to turn around performance and capitalize on future market opportunities.
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