10 Nov 2011
Half-yearly results 2011
- Financial
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Key points
Gross portfolio return of (8.3)%, driven by market conditions
- Portfolio earnings up by 8% in the period on a value weighted basis
- Total return of £(523)m, a (15.6)% return on opening shareholders'' funds
- Realisations of £532m and investment of £448m
- Substantial increase in dividend proposed of 8.1p for the year, up from 3.6p
Michael Queen, 3i''s Chief Executive, commented:
"We have not been immune to the broader market turmoil and the challenging environment has had a direct impact on our results. However, the steps we have taken over the last two and a half years to improve the financial and operational strength of the Group, and to reduce the risk in our portfolio, give the Board confidence in announcing a significant increase in our dividend today."
For further information, please contact:
3i Group plc
Michael Queen, Chief Executive - Tel: 020 7975 3512
Kathryn van der Kroft, Press Office - Tel: 020 7975 3021
Finsbury
Guy Lamming - Tel: 020 7251 3801
For further information regarding the announcement of 3i''s Half-yearly results to 30 September 2011, including a live videocast of the results presentation from 09:45am, please see http://www.3igroup.com/.