Winton, a residential land developer, has released interim results for the six months ending 31 December 2022, showing revenue of $85.1 million, a gross profit margin of 46.3%, earnings before interest, tax, depreciation and amortisation (EBITDA) of $49.7 million and a $34.5 million profit after tax.
This is a significant increase on the previous corresponding period, with a gross profit of $39.4 million, 204.1% higher than H1 FY22, and pre-sales at $565.8 million.
The company expects FY23 to be a record year, with a net profit after tax of between $72.4 million and $82.4 million, subject to no material adverse changes or unforeseen events.
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