Winton Announces First Half FY22 Results

Winton Land Limited (“Winton”), a residential land developer, released its interim results for the half-year ended 31 December 2021 (H1 FY22).

Revenue was $44.3 million, gross profit was $19.3 million and EBITDA was $2.8 million.

Pro forma EBITDA was $8.8 million and pro forma profit after income tax was $6.0 million.

Winton reported $720 million of gross pre-sales as at 31 December 2021, with $738 million as at 18 February 2022.

Winton reaffirmed its FY22 revenue guidance of $158.0 million and its FY22 pro forma EBITDA and profit after income tax guidance.