International Public Partnerships Limited (INPP.L), an infrastructure investment company, on Wednesday said the company's asset portfolio continues to perform well and that revenues and cash receipts are in line with management forecasts.
In an Interim Management Statement, the company, known as INPP, said its portfolio of 119 public infrastructure investments arising from 69 projects continues to perform in line with expectations.
The company noted that the negative effects of forex movements on Net Asset Value would be outweighed by the positive effects of falling risk free rates.
The Board confirmed that it expects to increase distributions in future years at least in line with its long term inflation assumption of 2.5 percent per annum.
"Overall, we continue to remain positive about the prospects for the Company, both in terms of the performance of its existing assets and the opportunity to add high quality assets to the portfolio during the remainder of 2012," the company stated.
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