Shares are set to open modestly lower; S&P 500 edges higher; iron ore advances; oil pulls back; Fortescue, Nine to post results. Follow updates here.
A fall in power prices in the second half has helped data centre operator NextDC boost its underlying earnings to $204.3 million, ahead of its guidance for FY24. For the full year, the Brisbane-based company reported total revenue of $404.3 million, up 12 per cent year-on-year, which was towards the lower end of its guidance range.
As of June 30, NextDC had undrawn debt facilities of $1.5 billion and $1.2 billion in cash, after completing a $1.3 billion entitlement offer in April. For the current financial year, NextDC expects net revenue to be between $340 million to $350 million and underlying earnings before interest, tax, depreciation and amortisation in the range of $210 million to $220 million. Capital expenditure is expected to be between $900 million to $1.1 billion.
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