Windflow Technology predicts wider loss
Windflow Technology Ltd (WTL) said it now expects to make a loss of $7.95 million in the year to June 30, which is wider than an earlier estimate of between $5 million and $6 million.The company is providing more for the costs of remedial work arising fro
Windflow Technology Ltd (WTL) said it now expects to make a loss of $7.95 million in the year to June 30, which is wider than an earlier estimate of between $5 million and $6 million.
The company is providing more for the costs of remedial work arising from an agreement reached with customer NZ Windfarms Ltd, which settled a dispute between the two companies.
It has also reassessed its warranty cost requirements for the next five years.
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.