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Annual Results

IIP net asset value falls

28 September 2017 09:04

Infrastructure India's net asset value decreased to £282.0m in the year to the end of March - down from £325.8m last time.

The NAV per share was £0.41 (£0.48 at the end of September 2016 and £0.48 at the end of March 2016).

IIP said: ' Strengthening of the Indian rupee against sterling at the end of the period and a decrease in the yield of the Indian 10-year bond, which serves as the risk-free rate in asset valuations, were offset by delays to completion schedules at Distribution Logistics Infrastructure Limited and a change in tariff expectations for Indian Energy Limited.'

At 9:04am:

(LON:IIP) Infrastructure India PLC share price was 0p at 4.25p

Story provided by StockMarketWire.com

Related Company: IIP

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