As foreshadowed by the company’s notice of results on November 25th, the Rupee exchange rate and softer background business conditions have caused the NAV per share to fall to 48p from 55p at the March 2015 year end. Most of this impact was seen in the valuation of the key logistics investment DLI, where nonetheless steady progress towards completion of the 4 container terminals has been made. Operationally, the other assets have performed broadly in line with expectations during the first half ....
11 Dec 2015
Macro headwinds affect H1 results
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Macro headwinds affect H1 results
Infrastructure India plc (IIP:LON) | 0 0 0.0% | Mkt Cap: 6.82m
- Published:
11 Dec 2015 -
Author:
Trevor Griffiths -
Pages:
6
As foreshadowed by the company’s notice of results on November 25th, the Rupee exchange rate and softer background business conditions have caused the NAV per share to fall to 48p from 55p at the March 2015 year end. Most of this impact was seen in the valuation of the key logistics investment DLI, where nonetheless steady progress towards completion of the 4 container terminals has been made. Operationally, the other assets have performed broadly in line with expectations during the first half ....