3i Infrastructure PLC - infrastructure investment company - Says portfolio has generated "outstanding" performance for the six months that ended on September 30, exceeding its target return of 8% to 10%. Net asset value stands at 325.8 pence on September 30, up from 303.3p on March 31. Declares an interim dividend of 5.575 pence per share, up 6.7% from 5.225p a year prior. Says it is on track to deliver financial 2023 dividend target of 11.15p per share, representing 6.7% growth.
Reports pretax profit of GBP247 million during the period, down slightly from GBP250 million a year ago. Net gains on investments amount to GBP296 million, up 21% from GBP244 million.
Current stock price: 327.00 pence, up 2.4% on Tuesday morning in London
12-month change: down 0.6%
By Xindi Wei; xindiwei@alliancenews.com
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3i Infrastructure (3IN)