StockMarketWire.com - BBGI SICAV reports a successful first half with a net profit under IFRS of £18.3m for the six months to the end June (compared with a restated £10.3m last time.

Highlights:

- A 1.55% increase in Net Asset Value on an investment basis to £456.23m as at 30 June 2014 (£449.25m - 31 December 2013)

- Investment basis NAV per share of 107.1 pence as at 30 June 2014 (105.6 pence - 31 December 2013), which represents an increase of 1.47%

- 2013 final dividend of 2.75 pence per share paid on 27 June 2014, resulting in a total dividend payment of 5.5 pence per share for the year ended 31 December 2013 which was in line with target

- 2014 interim dividend of 2.88 pence per share (a 4.73% increase from the 2.75 pence dividend paid in the same period last year) declared today and will be paid on 02 October 2014

- Intention that the final dividend for 2014 will also increase to 2.88 pence per share with the annual total dividend expected to be at least at 5.76 pence p.a. from 2015 onwards[1]

- The Ongoing Charge ratio has fallen from 1.11% at 31 December 2013 to 0.98% annualised at 30 June 2014 being the lowest in the UK listed infrastructure sector

- Shares continue to trade at a premium to investment basis NAV, and stood at a premium of 11.6% as at 30 June 2014

- Total shareholder return since listing in December 2011 to 30 June 2014 of 32.2%




At 8:55am: [LON:BBGI] Bilfinger Berger Global Infrastructure share price was +0.88p at 124.63p



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