(Alliance News) - FTSE 250-listed 3i Infrastructure PLC on Tuesday said its performance improved in the first half of its current financial year, and it is on track to deliver its dividend growth target for the full year.
The Jersey-headquartered investment company said its pretax profit multiplied to GBP250 million in the six months to September 30 from GBP84 million posted a year earlier.
Net gains on investments increased to GBP244 million from GBP73 million year-on-year. Investment income rose to GBP47 million from GBP43 million in the first half of financial 2021.
Net asset value per share as at the end of September stood at 291.2 pence a share, up 8.6% from 268.1p recorded a year prior.
3i Infrastructure declared a dividend of 5.225p, up 6.6% from 4.9p paid a year ago.
"It has been a strong first half performance from our resilient portfolio. We are well positioned for the second half and are on track to deliver our dividend target, 6.6% higher than last year," said Chair Richard Laing.
3i Infrastructure shares were trading 1.2% higher in London on Tuesday at 333.03 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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3i Infrastructure (3IN)