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HICL Infra Reports Strong Portfolio Performance Amidst NAV Dip

HICL Infra Co Shs GBP (GB:HICL) has released an update.

HICL Infrastructure PLC reported a decrease in NAV per share to 158.2p for the year ending 31 March 2024, influenced by an increased portfolio discount rate, despite robust underlying portfolio performance and strategic asset disposals totaling over £700m. The company completed significant transactions that lowered gearing and began a £50m share buyback program, indicating management’s belief in HICL’s undervaluation. With a positive outlook and commitment to sustainable dividend growth, HICL’s diversified portfolio is positioned to deliver long-term shareholder value in a challenging macroeconomic climate.

For further insights into GB:HICL stock, check out TipRanks’ Stock Analysis page.

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