Plus   Neg

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."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Crate and Barrel have recalled 1,500 push walkers due to risk of choking and laceration. Crate and Barrel have recalled Activity Push Walkers as those walkers can be damaged over time exposing sharp points and small parts, posing choking and laceration hazards to small children. The wooden recalled... YouTube is finalizing plans under which it will no longer serve "targeted" advertisements on its main site for videos meant for kids, Bloomberg reported, citing people familiar with the discussion. While the plan is reportedly intended to satisfy U.S. regulators, it could negatively impact the Google-owned video giant's ad sales as kids' content on YouTube is immensely popular. Apple Inc. (AAPL) is in the final stages of certifying advanced flexible Organic Light Emitting Diode or OLED screens from Chinese display maker BOE Technology Group for iPhones next year, the Nikkei Asian Review reported citing source. The U.S. tech giant has been attempting to reduce reliance on Samsung Electronics of South Korea.
Follow RTT