3i Infra says portfolio meets or exceeds expectations in first half
3i Infrastructure
323.00p
16:40 19/04/24
-0.31%
-1.00p
3i Infrastructure said most portfolio companies had met or exceeded income expectations in six months to September 29.
Financial Services
14,075.11
17:09 19/04/24
-0.63%
-89.84
FTSE 250
19,391.30
17:09 19/04/24
n/a
n/a
FTSE 350
4,341.08
17:09 19/04/24
n/a
n/a
FTSE All-Share
4,296.41
17:08 19/04/24
n/a
n/a
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.