28th Aug 2015 06:47
LONDON (Alliance News) - John Laing Infrastructure Fund Ltd on Friday said its net asset value per share declined in the first half of 2015, as its portfolio value ticked up slightly.
The infrastructure investment fund, which is a FTSE 250 constituent, said its net asset value per share at the end of June was 107.8 pence, down from 109.3 pence at the end of December. Its net asset value in the first half fell to GBP875.8 million from GBP887.3 million, though its portfolio value was slightly up to GBP872.0 million from GBP864.9 million.
The fund said it will pay an interim dividend of 3.375 pence per share, up from 3.25 pence a year earlier. Its pretax profit for the half was GBP11.7 million.
"We remain focused on delivering value for our shareholders through effective management of our diversified Portfolio. While the UK market remains competitive, prospects for JLIF are encouraging, and we look forward to building on our progress over the remainder of the year," said Chairman Paul Lester.
By Sam Unsted; [email protected]; @SamUAtAlliance
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