3i on track to meet or exceed guidance as portfolio performs in line with expectations

Writer, Stock Market Wire
Wednesday, January 30, 2019 - 07:29

3i Group said Wednesday it remained on track to meet or exceed full-year guidance as its portfolio continued to generate a 'good' level of income in the fiscal third quarter.

The portfolio overall continued to both perform in line with expectations and deliver a 'good' level of income, generating a portfolio income and non-income cash of £25.9m in the third quarter, the company said.

The update comes as the group said it hailed the two investments made by Wireless Infrastructure Group. It acquired Arqiva's Indoor Networks business and Highpoint Communications bolstering its presence in the UK and Irish Markets.

'The additional investments made by WIG are excellent examples of how we are delivering growth through the platform businesses in the portfolio,' the company said.

The company said was on track to deliver its target dividend of 8.65p a share for 2019.

'The company continues to perform well and is on track to meet or exceed its objectives for the current financial year,' said Richard Laing, Chairman of 3i Infrastructure.

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