Business
Interim Results
Interim Results.
About this update from Duke Capital Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 4992U\n Duke Royalty Limited\n 03 December 2021\n \n \n \n \n \n \n \n 3 December 2021\n \n \n Duke Royalty Limited\n \n \n \n \n \n (\"Duke Royalty\", \"Duke\" or the \"Company\")\n \n \n \n \n \n Interim Results for the six months ended 30 September 2021\n \n \n \n \n \n Duke Royalty Limited (AIM: DUKE), a provider of alternative capital solutions to a diversified range of profitable and long-established businesses in Europe and abroad, is pleased to announce its interim results for the six-month ended 30 September 2021. \n \n \n \n \n \n Financial Highlights\n \n \n · \n Cash revenue of £7.8 million, up 78% from the prior period (Interim 2021: £4.4 million)\n \n \n · \n Net cash inflow from operations of £5.2 million, a 46% increase (Interim 2021: £3.6 million)\n \n \n · \n Net profit generated of £6.2 million, a 50% increase (Interim 2021: £4.1 million)\n \n \n · \n Free cash flow of £4.6 million, up 58% from Interim 2021 (£2.9 million) \n \n \n · \n Adjusted earnings of 1.39 pence per share, a 60% increase (Interim 2021: 0.87 pence per share)\n \n \n · \n Cash dividends of 1.10 pence per share paid to shareholders\n \n \n \n \n \n Operational Highlights\n \n \n \n \n \n · \n Raised £35 million of new equity capital in April 2021\n \n \n · \n Deployed over £23 million of capital into three new royalty partners\n \n \n · \n Realised exits from two investments\n \n \n · \n Over £55 million of available liquidity for future deployments\n \n \n · \n Current deal pipeline is at historic levels in deal value and number\n \n \n \n \n \n Neil Johnson, CEO of Duke Royalty, said:\n \n \n \n \n \n \"This has been a very successful half year, characterised by substantial cashflow growth and accelerating investment deployment. Cash revenue is up 78% from the prior period to £7.8 million, and we have delivered a 58% increase in free cashflow to £4.6 million. This positive performance has been driven mainly by our team's rapid execution of new royalty agreements which has seen us invest over £23 million into three new royalty partners during the period.\n \n \n \n \n \n \"This strong trading performance makes me confident that Duke will exceed the market's expectations for the 12 months ended 31 March 2022. Since the resumption of its cash dividend, ...