Property developer Winton's first profit slump, sets up for second half sales
The newly listed company reaffirmed IPO guidance.
Chief executive Chris Meehan.
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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