UK: Superglass has reported a growing loss before taxation of Euro13.4m for its 2015 financial year that ended in 31 August 2015. Alongside this a fall in revenue of 11% year-on-year to Euro29.8m was noted. The drop was blamed on a planned reduction in Eastern European exports and a further deterioration in activity from government-sponsored schemes.
The UK-based glass wool manufacturer also confirmed Mark Cubitt as its chairman on a permanent basis. Cubitt was appointed interim chairman on 19 June 2015 following the resignation of John Colley.
