- 3i Infrastructure reports a total return of £80.7m for the half year to the end of September, or 6.5% of opening net asset value.

It says this is a good result in the context of the company's return target of 8% to 10% per annum, to be achieved over the medium term.

It said the European portfolio continued to perform well both financially and operationally. The portfolio value increase in the period was driven mainly by the positive impact of regulatory developments on the value of the company's holding in Elenia. This more than offset the weak performance of the India Fund during the period.

The company declared an interim dividend of 3.625p per share and says it is on target to deliver the full year target distribution of 7.25 pence per share and to continue to grow this progressively beyond FY2016.

Chairman Peter Sedgwick said: "The total return of 6.5% for the period builds on the Company's strong recent performance and contributes to the average annualised total return of 10.8% delivered by the Company since its IPO in 2007. This supported an annualised Total Shareholder Return over the same period of 11.4%, which compares favourably with the broader market. With the Investment Adviser's strong origination and portfolio management track record, and with good liquidity to invest, the Company is in a strong position to continue delivering attractive returns to its shareholders."

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