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18.09.07 BBPP Interim Results 2007

last modified 2008-02-25 13:27

Not for publication, release or distribution in whole or in part in Australia, Canada, Japan or the United States

 

Babcock & Brown Public Partnerships Limited

(Incorporated in Guernsey with registered number 45241)
 
Interim results announcement for the period 1 January to 30 June 2007

 
For a copy of the results presentation click here 
For a full copy of the results press release click here 
 
Results Highlights
 
 
H1 2007
Profit before tax
£8.1m
Net Asset Value as at 30 June 2007
£322.4m
Net Asset Value per share
107.5p
Increase in Net Asset Value
5.2%
Uncommitted cash available for investment
£61m
                                                                                                               
 
Keith Dorrian, Chairman of the Board, said;
 
“I am pleased to report that the Company has performed successfully during the six months to 30 June 2007. The Company’s competitiveness and pipeline of opportunities has not been affected by the recent turbulence in capital markets and the market for social infrastructure, whilst showing signs of maturing in the United Kingdom, remains robust internationally as the historic under investment in a number of developed countries is addressed by PPP-style initiatives. The Board intends to pursue a policy which will result in the Company developing a global reputation as a quality provider of PPP financing and it is through this initiative that we anticipate being able to provide our Shareholders with a sustainable superior return supported by a diversified international portfolio of high quality assets.”
 
 
For further information, please contact:
 
Babcock & Brown Investment Management Limited - 020 7203 7300
 
Investors – Bianca Francis
Media – Anthony Kennaway