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

The developer will bring 562 units on stream this year, despite storms. (Image: BusinessDesk)

Wed, 14 Jun 2023

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...

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