NZ's Winton Land slips on swing to HY loss

Winton Land

21/02/2025 03:10

** Shares of Winton Land  WIN.NZ  fall 3.1% to NZ$1.85
    ** The New Zealand-based land developer's stock set for
worst trading day since Feb 7, if current trend holds
    ** Co posts HY net loss of NZ$2 mln ($1.15 mln) vs profit
NZ$9.7 mln in the same period last year
    ** Attributes loss to lower number of settlements, increase
in administrative expenses, among others
    ** More than 37,000 shares change hands, 5 times the 30-day
avg volume
    ** Stock down 4.2% YTD, including current session's moves

($1 = 1.7337 New Zealand dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))