logo
Plus   Neg
Share
Email

INPP H1 IFRS Profit Climbs - Quick Facts

International Public Partnerships Limited or INPP (INPP.L) reported Friday that its first-half IFRS profit before tax climbed to 83.68 million pounds from last year's 65.94 million pounds.

Earnings per share were 5.64 pence, up from 4.70 pence a year ago.

Total income grew to 100.36 million pounds from last year's 80.17 million pounds. Total investment income was 99.61 million pounds, compared to 79.50 million pounds a year earlier.

Further, the company announced that its interim dividend has been increased to 3.59 pence per share from last year's 3.50 pence per share.

The dividend record date is September 20 and payment date is November 7.

Further, the company targets 2019 and 2020 full-year dividends of 7.18 and 7.36 pence per share, respectively.

Looking ahead, the company said, "While headwinds exist for the new nearer-term investment opportunities in the UK, the Company remains very positive about the long-term quality and strength of the existing portfolio in the UK. While the Company acknowledges possible market and other issues arising from anything other than an orderly Brexit, the Company is not unusually exposed to such risks and does not expect there will be significant impact on the portfolio or its assets' operation as a direct result."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Chinese electronics giant Huawei on Thursday launched its latest flagship smartphone range the Mate 30. Huawei unveiled the Huawei Mate 30 and Mate 30 Pro at an event in Munich. The new phones boasts of professional-grade cameras that competes directly with Apple's new iPhone 11 and iPhone 11 Pro... Schwartz Brothers Bakery of Seattle, Washington recalled 24 units of lemon dessert bars as it may contain undeclared egg. The products have a sell by date of September 21, 2019. The company issued the recall after it found that some of the Lemon Pound Cake was mislabeled as Lemon Dessert Bars. While the Lemon Pound Cake contains egg, the Lemon Dessert Bars label does not declare egg. Tesla has earned the highest safety award from the Insurance Institute for Highway Safety or IIHS for the first time. The luxury electric car maker's Model 3 midsize luxury sedan won the IIHS's Top Safety Pick+ award. The Model 3 is the second plug-in vehicle with no gas engine to earn the Top Safety Pick+ award after Audi's e-tron SUV.
Follow RTT