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3i Infrastructure PLC on Thursday said its portfolio companies are performing in line or ahead of expectations.
For the period from April 1 to June 30, the FTSE 250 infrastructure investment company said total income and non-income cash was in line with expectations at £36 million, compared to £22 million in the same period last year.
Its net asset value per share was 298.1 pence at the end of March.
3i Infrastructure said its portfolio companies have continued to perform in line with or ahead of expectations set at March. ‘The essential nature of the services provided by 3iN's portfolio companies ensures an element of pricing power that we expect to underpin a positive correlation between inflation and total portfolio value,’ the company explained.
The company said it is on track to deliver its full-year dividend target of 11.15p, up 6.7% from the year before.
Shares were up 2.0% at 331.00p each on Thursday morning in London.
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