Share Search
Visit the Share Search
3i Infra says portfolio meets or exceeds expectations in first half
30th Sep 2021 07:40
(Sharecast News) - 3i Infrastructure said most portfolio companies had met or exceeded income expectations in six months to September 29.
Income and non-income cash was in line with expectations at £56m, up from £48m a year ago.
The company said it was on track to deliver its dividend target for the year ending March 31 of 10.45 pence per share, a year-on-year increase of 6.6%.
3i last week announced an agreement to sell its 45% stakes in four European liquid storage terminals to Evos . Proceeds from the transaction will be used to repay debt and related break costs of 3i Infrastructure's holding company, Oystercatcher.
Income and non-income cash was in line with expectations at £56m, up from £48m a year ago.
The company said it was on track to deliver its dividend target for the year ending March 31 of 10.45 pence per share, a year-on-year increase of 6.6%.
3i last week announced an agreement to sell its 45% stakes in four European liquid storage terminals to Evos . Proceeds from the transaction will be used to repay debt and related break costs of 3i Infrastructure's holding company, Oystercatcher.