3i Group plc (III.L) announced the preliminary results for the financial year to 31 March 2013. Profit for the year was 183 million pounds, compared to a loss of 783 million pounds in the prior year. Profit per share was 19.4 pence, compared to a loss of 82.8 pence in the prior year.
Profit before tax for the year was 189 million pounds, compared to a loss of 777 million pounds last year.
Gross portfolio return for the Group was 546 million pounds compared to a loss of 329 million pounds in the prior year.
At the time of its half-yearly results announcement in November 2012, the Board declared an interim dividend of 2.7 pence per share and announced its intention to propose a total dividend for the year of 8.1 pence per share. The Board therefore recommended a final dividend of 5.4 pence per share, subject to the approval of shareholders at the AGM.
In the year to 31 March 2013, total Assets under management or AUM grew by 23% to 12.9 billion pounds, from last year’s 10.5 billion pounds, reflecting the material growth in Debt Management business in the period. Third-party AUM grew by 45% to 9.2 billion pounds from the prior year’s 6.3 billion pounds.
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by RTT Staff Writer
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