International Public Partnerships Ltd on Thursday hailed a ‘strong operational and financial performance’, while also acknowledging the impact of market volatility on its share price.

The firm, which invests in public or social infrastructure assets and related businesses internationally, said that its portfolio of projects has continued to perform well in the first five months of the year.

Since January 1, International Public has made new investments totalling £700,000, as well as investment commitments of £13.7 million.

In March, for example, the firm upped its investment in the Ealing Building Schools for the Future scheme for £700,000, bringing its holding to 100%. The scheme provides education facilities to over 1,400 people.

International Public assured investors that while bond yields have increased modestly since December, it has continued to see strong demand for infrastructure assets. Subsequently, it reaffirmed future dividend targets of 7.93 and 8.13 pence per share for 2023 and 2024.

International Public Partnerships shares were trading 0.7% lower at 139.20 pence each in London on Thursday.

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