Key takeaway: The drop in profit follows higher costs and a sluggish property market, but the company says its $409m pipeline of presales will serve it well.
Higher sales costs, lower valuations, and a sluggish property market have pushed land developer Winton’s interim profit down 72%.
The residential and retirement living developer reported a net profit of $9.7 million for the six months to December, down from $34.5m at the same time last
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Key takeaway: The drop in profit follows higher costs and a sluggish property market, but the company says its $409m pipeline of presales will serve it well.
