Duxton Water Ltd. (AU:D2O) has released an update.
Duxton Water Limited reports a portfolio value of $354 million with 87 gigalitres of water entitlements as of June 2024, after selling 2.8 GL to Treasury Wine Estates and using the proceeds to reduce debt. The company witnessed drier conditions, leading to above-average trade volumes, and entered into forward contracts to help irrigators manage price volatility. Additionally, the wider entitlement market saw a decline, influenced by farmers selling water entitlements amid challenging agricultural conditions.
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