GCP Infrastructure net asset value slips in half year

Fri, 30th Apr 2021 09:40

(Alliance News) - GCP Infrastructure Investments Ltd on Friday said its net asset value slipped in its first half.

GCP's NAV per share at the end of March was 100.78 pence, down 3.1% from 103.99p at its September year end.

Shares in the company were 0.2% lower at 101.80p each in London on Friday morning.

Its net asset value total return for the six-month period was 0.4%, while for the second quarter alone, it was negative 0.2%.

"Additional investments of GBP3.7 million had been made in the three months ending on the 31 March 2021, principally by way of an extension to existing loan commitments; and the company had secured new revolving credit arrangements totalling GBP165 million," GCP said.

By Eric Cunha; ericcunha@alliancenews.com

GCP Infrastructure Investments