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3i Infrastructure PLC - Jersey-based infrastructure investment trust - Reports ‘continued growth’ with ‘portfolio performing well’ in its first quarter, which ended June 30. Among portfolio companies, says TCR ‘continued to outperform and has won notable new contracts’. Tampnet ‘has had a robust start to the year, delivering Ebitda growth ahead of expectations whilst building on its attractive business development pipeline’. ESVAGT likewise ‘continued its strong performance’. Total income and non-income cash was £49 million, and 3i says it has available liquidity of £347 million including a £63 million cash balance as of June 30. Adds that it is on track to declare its target total dividend of 12.65 pence per share for the year ending on March 31, 2025, up 6.3% from 11.90p for the year before. Scott Moseley and Bernardo Sottomayor, co-heads of European Infrastructure at investment manager 3i Investments PLC, comment: ‘We are pleased with our start to the year. Our well-established portfolio continues to perform well and we see attractive opportunities to invest in our platform businesses to extend our track record of strong returns.’ Current stock price: 328.91 pence, up 0.3% on Thursday morning in London 12-month change: up 4.8% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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