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Windlab Limited Exceeds Prospectus Forecast; Scales Up Operations

Windlab Limited (ASX: WND) has today released its annual results for the 2017 year.

Windlab delivered a strong financial result for 2017, and in doing so met its prospectus revenue forecast and exceeded its Net Profit Before Tax (NPBT) statutory prospectus forecast. The Company achieved strong revenue and earnings growth. Revenue for the year grew 36% to $23.3M, excluding equity accounted profits from associates (operating projects). NPBT grew 184% to $14.4M, compared to a statutory prospectus forecast of $12.5M.

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