19th May 2016 06:48
LONDON (Alliance News) - Private equity investor 3i Group PLC on Thursday said it delivered a higher total return and net asset value per share for the year to the end of March as it continued its momentum in realising value from its assets.
The FTSE 100 group said its total return for the year to the end of March was GBP824.0 million, up from GBP659.0 million a year earlier, while its net asset value per share was 463.0 pence at the end of the financial year, compared to 396.0p at the same point a year earlier.
3i said it brought in proceeds of GBP743.0 million from private equity realisations over the course of the year and invested GBP365.0 million in three new portfolio companies.
It also noted a 13% total shareholder return from 3i Infrastructure PLC, in which 3i holds a 34% investment and which also is listed in London.
3i said it will pay a final dividend of 16.0p for the year, taking the total payout to 22.0p, up 10% from 20.0p a year earlier.
"These strong FY2016 results demonstrate 3i's continued momentum in the face of challenging macro-economic conditions. We enter [financial year] 2017 firmly focused on delivering our clear and consistent strategy and generating good returns and distributions for our shareholders," said Chief Executive Simon Borrows.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
3i Group