Funding provider Duke Royalty (DUKE:31.6p) has reported a 17 per cent hike in recurring cash revenue to £12.2mn in the six months to 30 September 2023, maintaining growth in this key metric for the twelfth consecutive quarter.
Alternative capital specialist Duke Royalty reported a new record of £6m in recurring cash revenue for the first quarter on Wednesday, making for an increase of 17% over the first three months of the prior year, and a £0.3m increase on the previous quarter.
Duke Royalty has announced a follow-on investment of £2.8m into its existing royalty partner to fund its latest acquisition of a managed IT services firm.
A provider of capital to companies in exchange for a slice of their revenues is seeing increased dealflow
Duke Royalty Ltd – Europe and North America-focused alternative capital solutions provider – Announces the successful exit of its investment in royalty partner Instor Solutions Inc, a California-based product reseller and service provider for work related to the build-out and migration of data centres.
Duke Royalty [AIM:DUKE] the AIM-listed provider of alternative capital, is celebrating its 20th royalty partner through a USD8.75m investment into Instor Solutions announced today (7th March).
Alternative capital provider Duke Royalty said in an update on Friday that it was expecting to achieve recurring cash revenue of £5.7m in the fourth quarter of the 2023 financial year.
Alternative capital provider Duke Royalty announced a follow-on investment of £1.75m into existing royalty partner InTec Business Solutions on Tuesday, to fund its latest acquisition.