Global Data Centre Group (AU:GDC) has released an update.
Global Data Centre Group has reported a successful financial year with key asset sales, including Etix and Perth Data Centre, contributing to a significant increase in revenue and profits. The company’s strategic asset realisation has resulted in a 123% increase in revenue and a $40.2 million net profit, with a notable valuation uplift in their AirTrunk investment. Looking forward, the Group plans to distribute projected proceeds from these divestments to unitholders in the first half of FY25.
For further insights into AU:GDC stock, check out TipRanks’ Stock Analysis page.
