Ian Russell, Chairman of HICL Infrastructure Company Limited, said:
“The period since 1 October 2016 has been a successful one for HICL. The Group has made £265m of investments, including commitments of around £146m. These include further investments in both the PPP and demand-based market segments. We continue to see a pipeline of potential investments in our three target segments and key geographies, and we are confident of our ability to source further attractive investments.
The current portfolio’s performance and cash receipts remain in line with our expectations. In addition, the unaudited NAV per share at 31 December 2016 was 147.4p, representing a 1.7p increase since 30 September 2016. This was based on a full valuation of the Group’s portfolio at 31 December 2016.
We are pleased to re-affirm the target dividends of 7.65p per share for the current financial year and 7.85p per share for the year to 31 March 2018. In addition, we are announcing further guidance of 8.05p per share for the subsequent year to 31 March 2019, reflecting the Board’s confidence in the future performance of the Group’s portfolio.”
For the full report, please follow the link to the RNS issued by HICL.
