Duke Capital (GB:DUKE) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Duke Capital Limited has reported a 5% year-over-year increase in recurring revenue for Q1 FY25, totaling £6.3 million, and forecasts a record £6.4 million for Q2 FY25, indicating strong operational performance despite economic challenges. The company has actively invested in various ventures, including a £2.9 million follow-on investment into Step investments and a £3.0 million hybrid credit investment into United Glass Group to facilitate acquisitions. Duke’s CEO expresses confidence in the diversified portfolio’s ability to deliver reliable returns and maintain a robust dividend stream for shareholders.
For further insights into GB:DUKE stock, check out TipRanks’ Stock Analysis page.