LONDON (ShareCast) - (Sharecast News) - Investment firm International Public Partnerships revealed on Tuesday that it had continued to achieve a "strong and sustainable performance" from its investment portfolio.
International PPL, which previously declared a first half-year 2021 dividend of 3.68p per share, maintained its dividend targets of 7.55p and 7.74p per share for 2021 and 2022, respectively, despite its net asset value falling to 145.1p at end of June from 147.1p at the end of December 2020.

Underlying revenues were said to have continued to be underpinned by "strong inflation-linkage" with a projected increase in return of 0.75% per annum for a 1.00% annual increase in inflation.

The FTSE 250-listed business also highlighted that strong inflation linkage continued to provide protection to projected returns in the event of a higher inflation environment.

Looking forward, International PPL said its investment portfolio was expected to continue to be resilient, with risks being "actively managed and mitigated".

As of 1050 GMT, International PPL shares were down 0.60% at 166.80p.

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