Glass giant warns on future profit levels

The Pilkington Glass St Helens plant
Pilkington owner Nippon Sheet Glass (NSG) has reported better annual sales and profit figures for the 2019 financial period - but warned profits are expected to fall next year. Turnover rose 2.3% to £4.287bn, while pre-tax profits were 2.6% better at £159m. Its latest figures estimate that sales for the financial year 2020 will improve by 1.2% to £4.337bn, while pre-tax profits are expected to fall by 16.4% to £133m. NSG bought St Helens-based Pilkington in 2006, making it one of the four biggest glass companies in the wo... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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