GCP Infrastructure Investments Limited ORD 1P (L0V1)

 

GCP Infrastructure net profits up

GCP Infrastructure Investments reports a strong set of results for the six months to the end of March with a total shareholder return of 3.99% and a dividend yield of 3.80% The company said that it successfully raised £80m in the period by way of a C share issue which was significantly oversubscribed and reflects continued shareholder confidence in the company's investment strategy. The company made 5 investments in the period totalling £52.2m and net assets have increased from £293.6m to £371.2m.

The company generated net profit of £18.9m in the period which is up from £6.4m in the corresponding period in the previous year giving earnings per share of 6.27 pence per share for the period.

At 9:20am: (LON:GCP) GCP Infrastructure Investments Ltd share price was -0.12p at 117.13p