Duke Royalty lifts dividend; swings to loss on fall in royalty income, investment losses

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Alternative capital provider Duke Royalty lifted its dividend, despite swinging to a loss on negative royalty income and losses on loan investments.

For the 12 months ended 31 March 2020, the company reported a pre-tax loss of $10.4m, compared with a profit of £1.9m on-year as

Royalty investment income fell to £3m and the company recorded an impairment loss on loan investments of £2.9m.

The dividend per share rose 5% to 2.95p.

The company said it expected its portfolio companies to return to normalised trading levels from October, and pledged to strengthened its portfolio through follow-on investments.

At 9:10am: (LON:DUKE) Duke Royalty Limited share price was +0.1p at 26.35p