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You are here: Home / Investor Relations / NZX Announcements / 2012 / NZX Announcement - Error in the Preliminary Announcement

NZX Announcement - Error in the Preliminary Announcement

The Chairman's Review in the Preliminary Announcement for NZ Windfarms Limited released on 28 February 2012 contained an error in the Outlook.

The outlook said that based on our current forecasts we expect a profit before depreciation, amortisation and tax of approximately $4.43m for the whole financial year (2011 - loss of $0.63m). Including depreciation, amortisation and tax the forcast loss for the whole financial year is $0.43m (2011 - loss of $3.38m).

 

The $4.43m forecast is incorrect as it is the full year forecast before interest income, interest expense, depreciation, amortisation and tax.  The forecast net interest expense is $0.53m; hence we expect a profit before depreciation, amortisation and tax of approximately $3.90m for the full year.

 

The full year forecast including depreciation, amortisation and tax the forecast loss for the whole financial year of $0.43m is unchanged (2011 - loss of $3.38m).

 

ENDS

 

For further enquiries contact:

 

Chris Sadler

Chief Executive Officer

Ph (021) 918 216

 

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