logo
Share SHARE
FONT-SIZE Plus   Neg

3i Infrastructure Provides Pre-close Trading Update - Quick Facts

3i Infrastructure Plc (3IN.L) issued pre-close trading update for the year ending March 31, 2012, covering the period from April 1, 2011 to March 29, 2012.

The company noted that during the period, it invested 202.9 million pounds in the acquisition of Lakeside Network Investments from Vattenfall AB and in the second tranche of GVK Energy.

Further, 3i Infrastructure generated realisation proceeds of 132.6 million pounds in the period from the sale of the NGW Arqiva, Thames Water and Télédiffusion de France junior debt holdings, from the repayment of the I2 vendor loan notes and from the partial repayment of its shareholder loan by Eversholt Rail Group.

In addition, the company stated that its European portfolio is performing well operationally and financially, and continues to deliver a good yield. Eversholt Rail Group, in particular, continues to perform well and to generate strong cash flows, which have allowed it to repay a portion of its shareholder loan.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Zynga Inc. (ZNGA) on Thursday reported a first-quarter loss that narrowed from a year ago, reflecting an increase in revenues despite continued drop in user-base. Earnings for the quarter trumped analysts estimates, as did revenues, sending the company's shares up 13 percent in extended trading hours. San... Shares of Fitbit Inc. (FIT) slumped over 12 percent in extended hours trading after the maker of wearable technology reported a drop in first-quarter profit hurt largely by a surge in operating costs. The company also detailed a weak outlook for the second quarter. Fitbit's profit for the first-quarter... Twenty-First Century Fox Inc., (FOXA, FOX) on Wednesday reported a third-quarter profit that dropped from last year, as an increase in revenues were offset by higher operating costs. Earnings for the quarter came in line with Wall Street estimates, while revenues trumped expectations. Fox's third-quarter...
comments powered by Disqus
Follow RTT