Metroglass reported a group revenue of $130.2 million for the first half of FY24, down 6% year over year.

Group EBIT before significant items increased by 33% to $7.5 million, while net profit after tax before substantial items rose to $2.1 million.

A $9.1 million impairment led to a statutory net loss of $9.2 million. Net debt decreased to $52.8 million.

New Zealand faced challenges with a 13% revenue decline, offset by higher LowE glass sales.

The Australian glass group delivered a stable performance, and the sale process is progressing.