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NEXTDC steps up stake in data centre group

Hafizah Osman | Sept. 26, 2017
Says it will soon evaluate developments even though the APDC takeover offer has lapsed.

The initial stake and the proposed follow-on acquisition of APDC is said to be funded from NEXTDC's existing cash reserves.

In end August, NEXTDC posted a $23 million net profit after tax (NPAT) for the year ending June 2017, a significant change from FY16 $1.8 million NPAT, representing a boost of $21.2 million.

At the time of writing, NEXTDC's shares were trading at $4.70 while APDC's shares were trading at $1.96.  

 

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