StockMarketWire.com - 3i Group said it remained on track to deliver on its full-year dividend target after reporting Thursday that first-half net assets returns topped management's expectations.

For the six months to 30 September, net asset value per share rose 226.4p, up 9.3% and ahead of the medium target return range of 8% to 10% year.

The upbeat results were supported by 'good progress' from the portfolio's largest investments, Infinis and Wireless Infrastructure Group, as well as from TCR and particularly, Cross London Trains, 3i Group said.

The portfolio delivered a total shareholder return of 16.2% in the period, well above the FTSE 250 return of 6.1%.

The company declared an interim dividend of 4.325p a share.

I am delighted with our performance in the first half of the financial year. The Company continues to outperform its objectives and is on track to deliver the full year dividend target for FY19, up 10% from last year. We remain confident in our business model and strategy,' said Simon Borrows, Chief Executive.


At 8:45am: (LON:3IN) 3i Infrastructure Ltd share price was +3.4p at 246.95p



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