£373.78m
-0.25p
99.75p
Date: Wednesday 05 Mar 2008
LONDON (ShareCast) - Infrastructure fund Babcock & Brown Public Partnerships remains upbeat going forward after it reported a full year profit before tax of £11.3m.
The company, which raised £300m from its float in October 2006, said pre-tax profit for the year to 31 December 2007 rose from £1.7m for the period between 2 August and 31 December 2006.
Its net asset value as at 31 December 2007 was 110.1p, equivalent to £330.4m and up from 102.2p a share, or £306.6m, a year earlier.
Babcock said it has very limited exposure to risks relating to the availability and terms of debt facilities.
“The board believes that the company's portfolio and pipeline of public infrastructure investments will remain attractive for their income and capital growth characteristics and for their diversification benefits,” said chairman Keith Dorrian.
“We remain optimistic about the prospects for enhancing shareholder returns.”
Bosses have approved a distribution of 2.625 pence per share.
| Currency | UK Pounds |
| Share Price | 99.75p ![]() |
| Change Today | -0.25p |
| 52 Week High | 114.75 |
| 52 Week Low | 90.00 |
| Volume | 107,370 |
| Shares Issued | 374.71m |
| Market Cap | £373.78m |
| Beta | 0.21 |
| RiskGrade | 198 |
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| Latest | Previous | |
|---|---|---|
| Interim | Final | |
| Ex-Div | 03-Sep-08 | 12-Mar-08 |
| Paid | 03-Oct-08 | 02-May-08 |
| Amount | 2.70p | 2.62p |
| Time | Volume / Share Price |
| 12:07 | 8,750 @ 99.25p |
| 11:50 | 2,000 @ 99.75p |
| 11:39 | 2,287 @ 99.00p |
| 11:38 | 2,288 @ 99.00p |
| 11:34 | 16,000 @ 99.00p |