John Laing Group (JLG); PBT at £35m for H1 2019

Published on 22-08-2019 07:12:53
Author Sparks Team

John Laing Group announced its results for the six months ended 30 June 2019. NAV stood at £1,599m or 325p per share, while portfolio value was £1,535m as of 30 June 2019. EPS stood at 7.1p and the interim dividend was 1.84p per share payable in October 2019.

The company also completed sale of all remaining fund management activities and made new investments of £7m. While realisations of £131m were witnessed from the sale of three investments.

Olivier Brousse, John Laing’s CEO, commented: “We are confident in our ability to continue to generate value from our existing portfolio, to make the most of a secondary market that remains strong and capitalise on the demand for operational infrastructure. We remain confident in delivering our full year expectations, underpinned by the value inherent in our existing portfolio and further penetration of our targeted markets.”

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