Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

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

3/30/2012 2:25 AM ET

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.

Click here to receive FREE breaking news email alerts for 3i Infrastructure Ltd and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The Reserve Bank of New Zealand on Thursday raised its Official Cash Rate by 25 basis points, to 3.00 percent from 2.75 percent. The decision was in line with expectations, and it marks the second straight month with a rate hike following 24 straight meetings in which the rate was not changed. New Zealand's economic expansion has considerable momentum, with GDP estimated to have grown by 3.5 percent in the year to March. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter. Stocks moved mostly lower during trading on Wednesday, giving back some ground after trending higher over the past several sessions. Selling pressure was relatively subdued, however, limiting the downside for the markets. The major averages all closed in the red, although the tech-heavy Nasdaq underperformed its counterparts by a wide margin.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.