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International Public Partnerships profit slumps on pandemic impact; boosts dividend
StockMarketWire.com
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International Public Partnerships reported a lower annual profit and net asset value per share as the pandemic impact weighed on its portfolio value.
For the year ended 31 December, pre-tax profit fell to £60.8 million from 137.8 million as net asset value slipped to 147.1 pence per share from 150.6 pence per share.
'The decrease in valuation for the period overall as a result of the uncertainty caused by Covid-19 contributed to the reduction in profit before tax compared to previous years,' the company said.
The company boosted its full-year dividend by 2.5% to 7.36 pence per share, and reaffirmed its dividend target for 2021 of 7.55 pence per share, and 7.74 pence per share for 2022.
At 8:01am: (LON:INPP) International Public Partnerships LD share price was 0p at 173p
Story provided by StockMarketWire.com
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