Global Data Centre Group Announces Profit Surge

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.

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