(Alliance News) - Cordiant Digital Infrastructure Ltd on Tuesday said its net asset value grew as it cited its acquisition of Emitel SA as a profitable "diversified platform in a market where data consumption growth is among the most robust in Europe."

Cordiant is an investment firm focused on digital infrastructure assets.

NAV per share at September 30 rose 1.1% to 107.5 pence from 106.34p at March 31 and 5.8% from 101.6p a year ago. The company declared an interim dividend of 2.0 pence per ordinary share, up 33% from 1.5p a year ago.

Cordiant bought Polish TV & radio broadcast infrastructure operator Emitel this month for PLN1.92 billion, around GBP357.8 million, which it called its largest investment since its initial public offering on the Main Market of the London Stock Exchange in February last year.

Looking ahead, the company said it is well placed to deliver on target returns for investors and touted its pipeline of opportunities of over EUR3.2 billion.

Cordiant Digital Infrastructure shares were 1.3% higher at 88.30 pence each on Tuesday afternoon in London.

By Tom Budszus; tombudszus@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.