30th Apr 2021 09:40
(Alliance News) - GCP Infrastructure Investments Ltd on Friday said its net asset value slipped in its first half.
GCP's NAV per share at the end of March was 100.78 pence, down 3.1% from 103.99p at its September year end.
Shares in the company were 0.2% lower at 101.80p each in London on Friday morning.
Its net asset value total return for the six-month period was 0.4%, while for the second quarter alone, it was negative 0.2%.
"Additional investments of GBP3.7 million had been made in the three months ending on the 31 March 2021, principally by way of an extension to existing loan commitments; and the company had secured new revolving credit arrangements totalling GBP165 million," GCP said.
By Eric Cunha; [email protected]
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