Winton expects lower profit following flood damage
The company says it was on track to triple its bottom line this year, before last month's floods damaged supplies.
Winton's development at Matarangi Bay in the Coromandel.
NZX-listed property developer Winton Group has cut the mid-point of its full year profit guidance by 28% due to damage and delays caused by last month’s severe flooding.
The company, which debuted on the local stock exchange in 2021, was forecasting a net profit of $98.9 million for the 12 months
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