Winton moves to 'lower end' of $72m profit guidance

Winton moves to 'lower end' of $72m profit guidance
The developer will bring 562 units on stream this year, despite storms. (Image: BusinessDesk)
Brent Melville
Winton Land expects to report net profit after tax (NPAT) at the lower end of its $72.4 million to $82.4m guidance issued in February. The dual Australian and New Zealand stock exchange-listed residential developer had earlier said the new guidance, already a fifth down on its forecast of $98.9m issued in its offer document ahead of its listing in December 2021, was a result of delivery delays of pre-sold projects due to North Island weather issues.Winton's guidance didn’t include any fair value revaluations of its investment pro...

More Property

Listed property firms welcome ‘Investment Boost'
Property

Listed property firms welcome ‘Investment Boost'

The tax policy could translate into millions in extra cash.

Gregor Thompson 04 Jul 2025
The business born battling Vector connection contracts
Property

The business born battling Vector connection contracts

'Pretty on the nose': Developers challenge Vector's hefty fees.

Garth Bray 04 Jul 2025
Formcrete Construction owes $7.4m as liquidation unfolds
Property

Formcrete Construction owes $7.4m as liquidation unfolds

A large chunk of the debt is shareholder loans.

Riley Kennedy 03 Jul 2025