2010 Annual Results (9688D)
March 31 2011 - 2:01AM
UK Regulatory
TIDMINPP
RNS Number : 9688D
International Public Partnership Ld
31 March 2011
31 March 2011
2010 ANNUAL Results
International Public Partnerships Limited (INPP), the listed
infrastructure investment company, which invests in global public
infrastructure projects developed under the public private
partnerships (PPP) and private finance initiative (PFI) procurement
methods, today announces annual results for 2010.
Highlights
-- Net Asset Value (NAV) of GBP541.9 million as at 31 December
2010 (GBP420.2m - 31 December 2009)
-- NAV per share of 113.1p (112.1p - 31 December 2009)
-- Profit before tax of GBP15.9m (GBP11.4m - 31 December
2009)
-- Full Year Dividend of 5.70p per share (5.55p per share - 31
December 2009)
-- Successful raising of over GBP100m of additional capital
during 2010
-- Six investments completed in 2010 with an exceptional
pipeline of further opportunities for 2011
-- GBP23m of new investments completed in 2011 to date,
including the pathfinder Ofgem offshore transmission project at
Robin Rigg and nine new investments announced separately today
-- Total shareholder return since inception of 40.7% (FTSE 250 -
24.4%)
Giles Frost, Director, International Public Partnerships
Limited, said:
"I'm delighted to announce another robust set of full year
results, underpinned by a steady growth in both profits and revenue
for the Company. The portfolio has continued to perform well
against a backdrop of political change and spending cuts. Our
success in entering the offshore transmission market has been
particularly pleasing and we look forward to the healthy pipeline
of investment opportunities already outlined for 2011."
The Board of Directors of International Public Partnerships
Limited, commented: "An excellent set of results has once again
highlighted the group's unique portfolio diversification and
unrivalled asset management capability. INPP's strong long-term
relationships with its public sector clients has been crucial
amidst political change and I'm delighted that the group can once
again provide shareholders with an increase in dividend and steady
capital growth."
INPP will be holding a results briefing at 9:30am today at
Financial Dynamics - Holborn Gate, London WC2A 1PB. For those
investors and analysts who cannot attend in person, a conference
call facility will also be available. The dial-in number for the
call is +44 (0)20 7138 0822, and the confirmation code is
2994719.
A copy of the results presentation can be downloaded from the
Company's website:
www.internationalpublicpartnerships.com
For further information:
Bianca Francis +44 (0)20 7939 0558
Amber Fund Management Limited
Hugh Jonathan/Nick Westlake +44 (0)20 7260 1263/1345
Numis Securities
Ed Gascoigne-Pees/Ed Berry +44 (0)20 7269 7132/7297 Financial
Dynamics
Notes to Editors:
About International Public Partnerships (INPP):
International Public Partnerships (INPP) is a listed
infrastructure investment company which invests in global public
infrastructure projects developed under the public private
partnerships (PPP) and private finance initiative (PFI) procurement
methods.
Listed in 2006, INPP is a long-term investor in 60 social and
transport infrastructure projects, including schools, hospitals,
courts and police headquarters in the UK, Europe, Australia and
Canada. INPP seeks to provide its shareholders with both a
long-term government-backed yield and capital growth through
investment across both construction and operational phases of 25-40
year concessions.
Amber Infrastructure Group (Amber) is the Investment Advisor to
INPP and consists of 50 dedicated infrastructure specialists which
originate and source a strong pipeline of projects for INPP.
Click on, or paste the following link into your web browser, to
view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/9688D_-2011-3-30.pdf
This information is provided by RNS
The company news service from the London Stock Exchange
END
FR BIGDXCBXBGBG
International Public Par... (LSE:INPP)
Historical Stock Chart
From Jun 2024 to Jul 2024
International Public Par... (LSE:INPP)
Historical Stock Chart
From Jul 2023 to Jul 2024