TIDMINPP
RNS Number : 1746N
International Public Partnership Ld
30 August 2011
30 August 2011
INTERNATIONAL PUBLIC PARTNERSHIPS LIMITED
Interim Results for the six months ended 30 June 2011
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 interim results for the six months ended
30 June 2011.
Highlights
-- Net Asset Value (NAV) of GBP550.0 million as at 30 June 2011
(GBP541.9m - 31 December 2010)
-- NAV per share of 113.6p as at 30 June 2010 (113.1p - 31
December 2010)
-- Half year dividend of 2.925p per share (up 2.6% on 30 June
2010)
-- Thirteen new investments made totalling GBP39.8m during the
period, including:
- A$1bn Gold Coast Light Rail project, Australia
- UK offshore transmission project at Robin Rigg
- Eight NHS LIFT projects and an interest in Liverpool Library
in UK
- Additional 50% interests in both Long Bay Forensic and Prison
Hospital and Royal Melbourne Showgrounds , Australia
-- Further diversification of the portfolio, including two
acquisitions totalling GBP68.7m made post period end, including: -
100% interest in Building Schools for the Future Investments LLP -
Second UK offshore transmission project at Gunfleet Sands
-- Total shareholder return since inception to 23 August 2011 of
43.3% (FTSE AllShare (0.7)%)
-- Outlook positive with strong pipeline of long-term investment
opportunities
-- Over GBP108 million invested in 2011 to date. Company will
keep under review appropriate capital raising initiatives to
support opportunities for accretive growth.
Keith Dorrian, Chairman, International Public Partnerships
Limited, said:
"The Board remains confident in the long-term outlook for
PPP/PFI investment, both in the UK and globally and believes that
the Company will continue to take advantage of an exciting pipeline
of investment opportunities to enable it to deliver long-term,
steady returns for shareholders."
Giles Frost, Director, Amber Infrastructure Limited (Investment
Advisor to International Public Partnerships Limited),
commented:
"Against a backdrop of ongoing political, financial and market
uncertainty, INPP has again produced a solid performance during the
first half of the year. We have further built on our diversified
portfolio of assets - both geographically and by sector - and
remain committed and well positioned to provide our shareholders
with a steadily growing dividend and capital growth going
forward."
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 7136 2055, and the confirmation code is
3779574.
A copy of the results presentation can be downloaded from the
Company's website:
www.internationalpublicpartnerships.com
For further information:
Erica Sibree +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 Limited (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 109 social and
transport infrastructure projects, including schools, hospitals,
courts, police headquarters and transport projects in the U.K.,
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 more than 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/1746N_-2011-8-29.pdf
This information is provided by RNS
The company news service from the London Stock Exchange
END
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