A strong set of results, driven by good operational performance of the portfolio
§ Profit before tax was £231.0m (2014: £153.8m), up 50.2%
§ Total shareholder return of 15.4% and 22.5% in the year (on a NAV and share price basis, respectively)
§ Four quarterly interim dividends declared totalling 7.30p per share, exceeding the stated target by 0.05p per share, a 2.8% increase on the prior year
§ New guidance of a target dividend per share of 7.45p for the year to March 2016 (up from the previously published guidance of 7.40p)
§ Directors' valuation of the portfolio of £1,732.2m, up from £1,500.6m at 31 March 2014 and £1,639.1m at 30 September 2014, with the weighted average discount rate reduced from 8.2% to 7.9% over the year
§ NAV per share as at 31 March 2015 of 136.7p, a 10.0p increase from 126.7p as at 31 March 2014
§ Net investment of £113.1m during the year, comprising nine new investments and 10 incremental acquisitions for £221.4m and one disposal for net consideration of £108.3m
§ A further two investments and a disposal made since the period end for a net investment of £8.7m
§ Current net funding requirement of £8m
§ Demand for infrastructure investments continues to exceed supply in the Company's target sectors, impacting prices and valuations
§ A pipeline of new investment opportunities, both in the UK and overseas, expected to deliver further value accretion
