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Winton expects lower profit following flood damage

The company says it was on track to triple its bottom line this year, before last month's floods damaged supplies.

Winton's development at Matarangi Bay in the Coromandel.

NBR Staff Tue, 07 Feb 2023

NZX-listed property developer Winton Group has cut the mid-point of its full year profit guidance by 28% due to damage and delays caused by last month’s severe flooding.

The company, which debuted on the local stock exchange in 2021, was forecasting a net profit of $98.9 million for the 12 months

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NBR Staff Tue, 07 Feb 2023
Contact the Writer: editor@nbr.co.nz
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Winton expects lower profit following flood damage
Investment,
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