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Global Data Centre Group ( (AU:GDC) ) just unveiled an announcement.
Global Data Centre Group has exceeded its asset realisation targets for the first half of the fiscal year 2025, completing all asset realisations ahead of schedule and generating approximately $313.8 million in net proceeds. Despite the suspension of its securities from the ASX due to insufficient operations, GDC has distributed significant proceeds to unitholders and achieved a statutory net profit of $75.1 million. The company is now assessing future wind-up costs and retention requirements, with plans to finalize distribution determinations by March 2025.
More about Global Data Centre Group
Global Data Centre Group (ASX: GDC) is focused on investing in digital infrastructure assets and businesses, aiming for an internal rate of return of 10% per annum. The Group, managed by Lanrik Partners Pty Ltd, leverages its expertise in the data centre and optical fibre sectors to capitalize on unique investment opportunities.
YTD Price Performance: 0.35%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$110.1M
For a thorough assessment of GDC stock, go to TipRanks’ Stock Analysis page.