3i Group Share News (III)

(ShareCast News) - 3i Infrastructure said its portfolio continued to perform well for the three months to 31 December 2015, however year-to-date revenues have dipped.In a trading update on Tuesday, the FTSE 250 company said the portfolio generated income of £14.5m, including £2.9m from recent investments in ESVAGT and the West of Duddon Sands Offshore Transmission Owner project. It brought total portfolio income for the nine months to 31 December to £41.6m, down from £60.9m the previous year.3i also said it is continuing to manage its balance sheet efficiently, with cash balances of £40.3m."Supported by the company's recent investments, and the pipeline of opportunities that the investment adviser continues to develop, the outlook for the company remains positive," said chairman Richard Laing."The company is on track to deliver a full year dividend for FY2016 of 7.25 pence per share and to grow this progressively beyond FY2016."