Property developer Winton's first profit slump, sets up for second half sales
The newly listed company reaffirmed IPO guidance.
Chief executive Chris Meehan.
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In its first result since joining the NZX in December, Winton Land’s first-half profit has dropped 88%, reflecting listing costs and the timing and value of settlements.
Revenue in the six months ended December 31 was $44.3 million, down from $92.7m in the comparable period. Profit was $1.4m, down
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