Spruce Grove manufacturer loses $5.4 million
Winalta posts 3rd quarter losses
Winalta, a company that manufactures modular homes and industrial units, has just released financial results for their third quarter; and they don’t look good. Their third quarter revenues were $13.3 million, but weren’t enough to pay expenses, resulting in a loss of $5.4 million. Last year at this time profits were $2.1 million.
Located in Acheson, just east of Spruce Grove, Winalta employs many local residents, and has also had a series of layoffs in the past year.
