Challenger Infrastructure Fund

Listed infrastructure owner Challenger Infrastructure Fund reported decent results from its two investments. UK utility provider Inexus (82.5% owned by CIF) saw underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rise 1% to £23.3m for the half ended 31 December 2011. Over the same period, petrochemical storage owner LBC Tank Terminals (66.2% owned by CIF) experienced a 15% increase in EBITDA to US$51.4m, boosted by significant improvement in its French operations and growth from LBC USA. The group will soon pay securityholders a 5-cent interim distribution (already trading ex distribution). But, as previously advised, view this as a...

Listed infrastructure owner Challenger Infrastructure Fund reported decent results from its two investments. UK utility provider Inexus (82.5% owned by CIF) saw underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rise 1% to £23.3m for the half ended 31 December 2011. Over the same period, petrochemical storage owner LBC Tank Terminals (66.2% owned by CIF) experienced a 15% increase in EBITDA to US$51.4m, boosted by significant improvement in its French operations and growth from LBC USA.

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