Windflow tips bigger loss

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Windflow Technology says 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, which settled a dispute between the two companies.

It has also reassessed its warranty cost requirements for the next five years.

- NZPA