logo
  

INPP H1 IFRS Pre-tax Profit Down

Infrastructure investment company International Public Partnership (INPP.L) Thursday reported lower pre-tax profit for the half year, reflecting lower valuation of the portfolio overall due to uncertainty caused by Covid-19 as well as BeNEX transaction recognised in the prior period.

For the first half, the Group's IFRS profit before tax fell to 35.4 million pounds from last year's 83.7 million pounds. On a per share basis, earnings were 2.21 pence versus 5.64 pence last year.

Total income of the Group for the half year reached 51.5 million pounds, lower than last year's 100.4 million pounds.

In addition, the Group declared an interim dividend increase of 2.5 percent to 3.68 pence per share.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Sandoz, Inc., an unit of Novartis AG, is recalling one lot of deep vein thrombosis (DVT) medication Enoxaparin Sodium in the form of injection for the potential exposure to high temperatures that may have impacted product effectiveness, the U.S. Food and Drug Administration or FDA said in a statement. Livia Global, Inc., a health and wellness company, is recalling two lots of its Liviaone liquid probiotics citing the possibility of contamination by Pseudomonas aeruginosa, the U.S. Food and Drug Administration said. Pseudomonas aeruginosa is a microorganism found in the environment that, if ingested, can cause life-threatening infection in immunocompromised individuals. United Airlines operated Thursday the first ever passenger flight using 100% Sustainable Aviation Fuel or SAF as part of its efforts to combat climate change. The airline flew the green flight from Chicago's O'Hare International Airport or ORD to Washington, D.C.'s Reagan National Airport or DCA with more than 100 passengers.
RELATED NEWS
Follow RTT