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Iain Gilbert Sharecast News
31 Mar, 2023 09:17

3i Infrastructure portfolio performs 'strongly'

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3i InfrastructureSharecast graphic / Josh White

3i Infrastructure

330.00p

15:39 22/11/24
0.76%
2.50p

Investment firm 3i Infrastructure said on Friday that its portfolio was "performing strongly" and that it was confident in its ability to continue to generate "attractive" further investment opportunities.

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3i Infrastructure said is had seen strong performances from portfolio companies TCR, Tampnet, Infinis, Valorem, Attero, ESVAGT, and Ionisos - all of which continued to benefit from "positive underlying growth trends" and recent contract wins.

The FTSE 250-listed noted that its other portfolio companies were performing in line with expectations, with the exception of DNS:NET, which continues to "face challenges" with its network rollout.

3i Infrastructure added that total income and non-income cash of £104.0m was received in the six months ended 30 March and stated it was on track to deliver its full-year dividend target of 11.15p per share, up 6.7% year-on-year and fully covered by net income.

As of 0915 BST, 3i Infrastructure shares were up 0.32% at 313.0p.

Reporting by Iain Gilbert at Sharecast.com

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