Macquarie International Infrastructure posts full-year net income of $48.2m

Macquarie International Infrastructure Fund Limited (MIIF) has reported net income on an adjusted basis (net income) for the 12 months ended 31 December 2011 of $48.2 million, up $11 million from the prior corresponding period.

Investment income of $57.7 million was 36.7% higher than the same period last year. Income from Taiwan Broadband Communications (TBC) increased to $29.9 million (2010: $13.1 million), Hua Nan Expressway (HNE) to $22.5 million (2010: $21.3 million) and Changshu Xinghua Port (CXP) to $5.3 million (2010: $4.6 million). This was partially offset by higher management fees.

MIIF has declared a dividend of 2.75 cents per share for the six months to 31 December 2011. The ex-dividend date is 7 March 2012 with the dividend expected to be paid on 26 March 2012.