08 Nov 2007
Half-yearly results for the six months to 30 September 2007
- Financial
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Strong results for half-year and key strategic milestones achieved
Commentary
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Strong gross portfolio return of 14.3% in the six months to 30 September 2007, driven by a particularly good performance in both Buyouts and Growth Capital.
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Net asset value per share up 27% year-on-year, from £7.92 per share at 30 September 2006 to £10.07 per share at 30 September 2007.
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Further progress in implementing strategy with strong growth in assets under management and further diversification by geography and asset class, driven by:
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Increased investment and significant value growth in 3i''s direct portfolio;
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Establishment of external funds advised by the Infrastructure (3i Infrastructure Limited, 3i India Infrastructure Fund) and QPE (3i Quoted Private Equity Limited) business lines.
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Baroness Hogg, Chairman of 3i Group plc, said:
"3i''s financial strength, values and approach have continued to serve us well in reaching our key strategic milestones."
3i''s Chief Executive, Philip Yea, added:
"These are a strong set of half-year results. Given the broad spread of our investment business and the strong capabilities we are building across the world, 3i faces this potentially more challenging environment from a substantially stronger position than in previous cycles."
For further information, please contact:
3i Group plc
Philip Yea, Chief Executive - 020 7975 3386
Simon Ball, Finance Director - 020 7975 3356
Patrick Dunne, Group Communications Director - 020 7975 3283
Maitland Consultancy
Philip Gawith - 020 7379 5151
For further information regarding the announcement of 3i''s half-yearly results to 30 September 2007, including video interviews with Philip Yea, Simon Ball and Jonathan Russell (available at 7.15am) and a live webcast of the results presentation (at 10.30am, available on demand from 2.00pm), please seehttp://www.3igroup.com/.