LONDON (ShareCast) - Infrastructure fund Babcock & Brown said it has performed successfully during the first six months of the year, with NAV rising 5.2% from the last six months.

Net Asset Value for the six months to June came in at 107.5p per share, up 5.2% compared to the value at 31 December 2006. Profit before tax for the period was £8.1m.

The group said its competitiveness has not been affected by the recent turbulence in capital markets and the market for social infrastructure, despite showing signs of maturing, remains robust.

“The company is currently reviewing a number of potential investment opportunities around the world both in its own right and through Babcock & Brown and the board remains confident that the company will be substantially invested by year end,” it said.

The directors have approved an interim distribution of 3.35p per share.

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