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3i Group FY19 Profit Declines - Quick Facts

3i Group Plc (III.L) reported Thursday that its profit for the year ended 31 March 2019 declined to 1.25 billion pounds from 1.43 billion pounds last year. Earnings per share declined to 127.8 pence from 151.0 pence in the prior year.

Gross investment return decreased to 1.41 billion pounds from 1.55 billion pounds in the prior year.

Total return for the year was 1.252 billion or 18 percent on opening shareholders' funds, compared to 1.425 billion pounds or 24 percent in the year-ago period. The NAV per share at 31 March 2019 was 815 pence, compared to 724 pence a year ago.

The company's board has recommended a second dividend of 20.0 pence. Together with the first fiscal 2019 dividend of 15 pence per share paid in January 2019, this takes the total dividend to 35.0 pence, up from 30.0 pence in the prior year. Subject to shareholder approval, the dividend will be paid to shareholders in July 2019.

Simon Borrows, 3i's Chief Executive said, "FY2020 appears to be starting in a similar way to FY2019, with significant political and market uncertainty and a growing tide of funds looking to invest in our markets. We remain cautious in this environment, which will lead us to be careful about the pricing of new investments and to deploy further capital in companies we already know well."

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