Windflow Technology Ltd (WTL) said it now expects to make a
loss of $7.95 million in the year to June 30, which is wider
than an earlier estimate of between $5 million and $6
million.
The company is providing more for the costs of remedial work
arising from an agreement reached with customer NZ Windfarms
Ltd, which settled a dispute between the two companies.
It has also reassessed its warranty cost requirements for the
next five years.
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