NEXTDC sees a dip in profits

Company News

by Rachael Jones

Data centre operator NEXTDC (ASX:NXT) has reported its statutory net profit after tax (NPAT) is at $6.6 million a dip on last year’s figure of $23 million.

It’s revenue is $161.5 million up from $123.6 million in the same corresponding period.

Its underlying EBITDA increased 28 per cent to $62.6 million.

NEXTDC is a technology company enabling business transformation through data centre outsourcing solutions, connectivity services and infrastructure management software.

No dividend has been proposed or declared in respect of the year ended 30 June 2018.

Shares in NEXTDC (ASX:NXT) closed 4.55 per cent higher to $7.35 yesterday.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.