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HICL Infrastructure PLC - London-based investment firm - Reports net asset value of 165.80 pence per share as at December 31, up from 164.3 pence at September 30. The increase was driven by ‘updates to actual inflation and deposit rates’. Says remains on track to deliver its target dividend of 8.25 pence per share for financial year ending on March 31. At March 2, net debt amounts to £139 million. Looking ahead, says continues to see a low volume of core infrastructure transactions in the market, but notes an increase in activity the ‘commencement of a number of opportunities since the beginning of the calendar year’. Chair Mike Bane says: ‘HICL’s portfolio continued to perform well in the period, with positive inflation correlation underpinning further NAV growth.’ Current stock price: 157.90 pence each 12-month change: down 5.8% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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