John Laing fund sees 5% growth in portfolio value

John Laing, the international infrastructure investment company, latest trading statement, shows an underlying growth in portfolio value for the nine months to 30 September 2017 of 5.5% to £1,227.8m, on a rebased value of £1,163.8m.

Net Asset Value (NAV) stood at £1,219.6m over the period, including £34.5m of cash allocated to the dividend that was paid in October 2017

NAV per share at end of September 2017 of 123.1p cum-div (119.6 pence ex-div), was up 2.4% on 31 December 2016

The company paid a dividend of 3.48p per share in October 2017, resulting in total dividends paid in 2017 of 6.96p per share

During the period, the company agreed the acquisition of interests in six UK-based PPP projects for a combined consideration of approximately £148.8m.