14 Mar 2014

Windflow Technology loses $2.8m

10:34 am on 14 March 2014

Windflow Technology has lost $2.8 million in the six months that ended in December.

The struggling wind turbine maker says it now expects to lose $4.4 million for the 12 months to the end of June.

The company raised $2.9 million from shareholders in January, and says it may need to raise more money later in the year, depending on how sales are going.

Chief executive Geoff Henderson says it's slow but steady progress to rebuilding value.