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(Alliance News) - 3i Infrastructure PLC on Thursday said it anticipates to report returns for the second half of financial 2024 in line with its target.
The Jersey-based infrastructure investment trust said it was on track to deliver its dividend target of 11.90 pence per share for financial year 2024, up 6.7% from 11.15p paid for the prior financial year which ended on March 31, 2023.
The company highlighted that asset manager TCR's outperformance continued in the second half of financial 2024, "with earnings growth again ahead of expectations."
"We expect to report returns for [the second financial half] in line with our target, driven by continued earnings momentum at our larger assets. Following the outperformance achieved in the first half, this is another strong year for 3iN," said Scott Moseley and Bernardo Sottomayor, managing partners and co-heads of European Infrastructure, 3i Investments PLC, investment manager of the company.
3i shares were flat at 326.00 pence each on Thursday morning in London.
By Tom Budszus, Alliance News slot editor
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