This article is from the Australian Property Journal archive
DATA centre operator Nextdc has reported an improved statutory net loss after tax of $10.3 million compared to a net loss of $22.9 million in the previous corresponding period.
The company’s revenues jumped 85% on FY to $60.9 million and EBITDA increased by $24.1 million to a $8.0 million compared to a loss of $10 million in the pcp.
Meanwhile the company has put off plans to issue senior unsecured notes to raise approximately $70 million due to market volatility.
CEO Craig Scroggie said given prevailing market conditions, the company has decided it is prudent to defer the issuance, until such time as market conditions stabilise.
“The company has sufficient funding in place from multiple sources to meet its planned FY16 capital expenditure of $75m to $85m across its five facilities,” he added.
Nextdc is forecasting improved results for FY16, with revenue aimed at $85m to $90m and EBITDA of $25m to $28m. It also expects to spend $75m to $85m in capital expenditure versus $29.6m in FY15.
Meanwhile Asia Pacific Data Centre Group delivered a profit of $26.16 million for the year up 20% on the pcp. Distributable earnings were $10.56 million up 6% on the pcp.
During the year, APDC earned $12.97 million in rental income pursuant to the leases, reflecting a full year of rent for the three data centres in Melbourne, Sydney and Perth.
APDC will pay a total distributions for the year ended 30 June 2015 of 9.10 cents per stapled security.
The board expects that the group will maintain its current distribution of 2.3 cents per stapled security for the September and December 2015 quarters.
Australian Property Journal
