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Windlab Announces Results in Line with Expectations - Strong Operating Performance

Windlab Limited (ASX:WND) has today released its half year results for the six months ended 30 June 2018.

Windlab’s financial result was in line with expectations, reflecting a planned concentration of development revenue in the second half of the year. Revenue totalled $1.84m, including approximately $1.7m in recurring revenues, a 40% increase on the prior comparative period. Costs were well controlled and focussed on progressing late stage development assets (notably Lakeland and Miombo Hewani) through approval and towards financial close. The company reported a modest loss for the period after tax of $1.3m.

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