By Xavier Fontdegloria
Duke Royalty Ltd. on Friday reported a higher pretax profit for the first half of fiscal 2022, and said it is on track to exceed market expectations for the full year.
The provider of alternative capital solutions posted a pretax profit of 6.7 million pounds ($8.9 million) for the six months ended Sept. 30, compared with a pretax profit of GBP4.9 million the same period a year earlier.
Total income–which includes noncash fair value movements on the company’s investment portfolio–stood at GBP9.8 million, up 38% from GBP7.1 million a year ago. Cash revenue was GBP7.8 million compared with GBP4.4 million the year before.
Duke Royalty said its performance for the three months ending Dec. 31 has been strong, and that it expects to exceed market expectations for the full fiscal year 2022.
Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com
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