By Frank Prenesti
Date: Wednesday 01 Aug 2018
LONDON (ShareCast) - (Sharecast News) - HICL Infrastructure Company on Wednesday said the portfolio has performed in line with expectations in the period since 1 April 2018.
In an update, the company re-affirmed its dividend guidance of a target 8.05p a share for the year to 31 March 2019 and 8.25p a share for the following year.
HICL said it had made "solid progress" resolving the aftermath of the collapse of government contractor Carillion for those projects in the portfolio that were affected.
"Commercial terms have been agreed with long-term replacement facilities management subcontractors on six projects and negotiations on a further three projects are progressing in line with expectations. Overall indicative pricing on the replacement subcontracts is in line with expectations built into the March 2018 valuation," HICL said.