LONDON (Alliance News) - 3i Group PLC said Wednesday it had a "good start" to the year as it increased its first quarter net asset value per share.
The FTSE 100-listed investment company's net asset value per share stood at 760 pence at June 30, up 5.0% from 724p at March 31.
The company's total return for the three months to June 30 stood at 5.1%, and 3i made cash realisations of GBP337 million in the quarter.
"This was another productive quarter for 3i with good portfolio performance as well as significant investment and realisation activity," Chief Executive Officer Simon Borrows said.
"Our balance sheet is strong but we remain cautious about the pricing of new investments in the current environment."
The company said it remains "well positioned" to deliver another year of growth.
Shares in 3i Group were up 1.2% at 932.20p each early Wednesday.
3i Group (III)
