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3i reports NAV of 947 pence per share

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LONDON (Reuters) – 3i Group Plc on Thursday reported a net asset value per share of 947 pence for the fiscal year ending in March, up more than 17% from a year ago, and a total return of return of 1.7 billion pounds ($2.42 billion).

The company’s private equity business delivered a gross investment return of 1.9 billion pounds or 30% over the same period, with many of its portfolio companies adapting to the changing environment during the pandemic, 3i said.

“We enter our new financial year in the knowledge that we have a high quality investment portfolio with broad exposure to sectors with strong underlying growth,” said 3i Chief Executive Simon Burrows.

“We are also maintaining strong price discipline and avoiding the exuberance seen in many of today’s transactions as we add to our high-quality portfolio.”

($1 = 0.7119 pounds)

(Reporting by Anna Irrera; Editing by Rachel Armstrong)

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