Business
MPG: Returned to profitability with $2.9m net profit and strengthened balance sheet after equity raise
MPG: Returned to profitability with $2.9m net profit and strengthened balance sheet after equity raise

About this update from Metro Performance Glass Ltd
Net profit reached $2.9m for the half year, reversing a prior loss, as a $23.9m equity raise and debt reduction strengthened the balance sheet. Revenue declined amid subdued markets, but EBIT improved due to significant items and restructuring.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
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