3i Infrastructure builds its value
Investment group 3i Infrastructure saw its portfolio value climb in the full year to the end of March despite a profits drop. The 14-strong portfolio of assets generated a total return of £56m, a drop of a third on the year before, while total return on average shareholders’ equity declined from 9.2 per cent to 5.6 per cent. The Jersey-headquartered company said a strong performance in Europe was not enough to offset weaker returns from 3i Infrastructure’s funds in India, which has lost £28.7m in value over the last year. But the value of the portfolio climbed eight per cent to £890.8m in the twelve month period. Shares in 3i Infrastructure rose by 0.5p to 123p yesterday.