Portfolio income surges at investment company 3i
The value of portfolio income at investment management company 3i rose 28.3 per cent to 68m pounds in the period from October 1st to February 4th compared to the corresponding period in the previous year, an interim management statement from the company has disclosed.
The value of portfolio income at investment management company 3i rose 28.3 per cent to 68m pounds in the period from October 1st to February 4th compared to the corresponding period in the previous year, an interim management statement from the company has disclosed.
The FTSE 250 company, which focuses on infrastructure, private equity and debt management, further reported that its European portfolio had risen in value with income totalling £37m in the period.
The valuation of the company's holding in 3i India Infrastructure Fund was influenced by a number of factors, including the movement in the share price of Adani Power Limited and foreign exchange fluctuations.
3i reported that over the period, Adani's share price increased by 6.7% and the Indian rupee appreciated by 1.7% against sterlinfg, resulting in foreign exchange gains for the company.
Peter Sedgwick, Chairman of 3i Infrastructure, said: "The European portfolio continues to perform well operationally and financially and to generate good levels of income. The company accrued income for the first time from Elenia during the period."
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