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3i Infrastructure Annual Profit Rises - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Private equity and venture capital firm 3i Infrastructure plc's (3IN.L) full-year pre-tax profit improved to 99.3 million pounds, from 75.6 million pounds a year ago. Profit after tax and profit for the year attributable to equity holders of the parent totaled 80.2 million pounds, up from last year's 59.6 million pounds.

On a per share basis, earnings attributable to equity holders of the parent were 9.1 pence this year, higher than 7.0 pence in the prior year.

Annual total return, on an investment basis, was 89.1 million pounds, versus 56.0 million pounds in the earlier year period.

Looking forward, the board is confident that the company has a strategy in place to deliver a 10% annual return and a dividend of 5.5% of opening NAV in the current climate, with reduced volatility.

Reflecting the strong income generation, the board proposed a final dividend of 3.52 pence per share which, added to the interim dividend of 2.97 pence per share, exceeds the 5% dividend objective for this year and represents 5.5% of opening NAV, in line with our new objective for future years.

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