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IN BRIEF: Duke Royalty Upturn In Trading Continues Into Second Quarter

Wed, 16th Sep 2020 15:50

Duke Royalty Ltd - UK and Europe royalty finance provider - Notes "general upturn" in trading in the first quarter continued into the second quarter. Based on current expectations, Duke is estimating cash revenue for the quarter ending September 30 will total GBP2.4 million compared to GBP2.0 million in the first quarter.

"To put this into context, Duke reported its record quarterly cash revenue in fourth quarter of financial 2020, when it generated cash receipts of over GBP2.8 million, representing a normalised pre-Covid trading environment," Duke added.

"Cautiously optimistic" cash revenue in third quarter will grow on the second quarter.

Current stock price: 26.70 pence

Year-to-date change: down 47%

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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