logo
Plus   Neg
Share
Email

INPP Reaffirms Operational Performance Of Investment Portfolio Continues

International Public Partnership Lid (INPP.L) reaffirmed that the operational performance of its investment portfolio continues.

The Covid-19 pandemic has, to date, had no material impact on the Company's cashflow from its investment portfolio. However, the company noted that the Covid-19 pandemic is unprecedented and its full impact on the Company over time cannot be ascertained at this time.

The company noted that there are a range of contingent risks stemming from the Covid-19 pandemic. These include staff shortages and supply chain breakdowns and similar risks. The company will continue to monitor and where possible take action to avoid or mitigate the consequence of any such impacts on its portfolio.

The company believes that its investments benefit from a range of protective mechanisms to mitigate the consequences of adverse events. These include contractual and regulatory mechanisms together with project insurances.

However, the company notes that even where these mitigants apply they may not work in "real time" which might result in changes to the currently assumed profile and/or timing of cash receipts by the Company from specifically affected assets.

John Stares will retire from the Board with effect from 31 March 2020 and, as previously announced, John Whittle will retire from the Board at the 2020 AGM.

The company noted that its final results for the year ending 31 December 2019 have been postponed due to the request by the Financial Conduct Authority and the Financial Reporting Council for all listed companies to delay the issuance of preliminary results for at least two weeks.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Global PC shipments returned to growth in the second quarter of 2020 after seeing a significant decline in the preceding first quarter due to COVID-19 related supply-chain disruptions, according to reports by two research firms. The PC market returned to growth in the quarter as production ramped up and vendors restocked their supplies to near-normal levels. The bankruptcy filing of America's oldest apparel retailer Brooks Brothers has ignited significant interest from potential buyers for the brand. WHP Global and a venture backed by Authentic Brands Group LLC and Simon Property Group, Inc., are reportedly considering bids for the retailer. WHP Global owns the ANNE KLEIN and JOSEPH ABBOUD brands. Sundial Herbal Products has recalled around 65 products, which were misbranded and currently unapproved drugs, the U.S. Food and Drug Administration said in a statement. The recall follows an order by a federal judge in June to stop distributing the company's unapproved new drugs. The affected items include herbal products and dietary supplements.
Follow RTT