29th Sep 2015 07:38
LONDON (Alliance News) - 3i Infrastructure PLC on Tuesday said it made three investments in the first half of its financial year and said its portfolio income in the half has been in line with its expectations.
The infrastructure investment vehicle said it made three investments for a total of GBP187.0 million in the first half, ending on Wednesday. Those included a GBP111.0 million investment in Danish emergency rescue and response vessels company ESVAGT.
The group said its portfolio income in the half was GBP26.8 million, in line with its expectations, though lower than the GBP32.6 million it made a year earlier, a period which included income from Eversholt Rail, which is sold in April this year.
Peter Sedgwick, the chairman of 3i Infrastructure, said it had been a busy half for the company and said it remains on track to hit its dividend targets for the full year.
Shares in the company were trading flat at 166.95 pence early Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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