Former Reporter

3i Group has posted a strong set of full-year results, returning to cash operating profit for the first time in a decade as its cost-cutting programme continues to bear results.

London-listed 3i announced this morning that it realised proceeds of £669 million from its private equity portfolio and made a 1.8-times money multiple for the firm and its investors from businesses it exited in the year ending March 31.

Chief exec Simon Borrows hails firm's first cash operating profit in a decade as 'an important milestone' but warns over asset pricing

Becky Pritchard

3i Group

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3i returns to profit

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