3i Infra sees portfolio in lines with expectations

3i Infrastructure said its portfolio continued to perform in line with expectations as it reported first half income of £47.5m.

It added that it remained on track to deliver its full-year dividend target of 7.85p a share.

Total portfolio income and non-income cash to support the dividend was £80.6m against £55.7m in 2016.

"The board is pleased with the overall performance of the portfolio, particularly the strong level of income," said chairman Richard Laing.

Head of infrastructure Phil White said the company was reviewing several opportunities to deploy follow-on capital in existing portfolio companies as well as potential new investments in target markets.