back Interim Results 2006 for the half year to 30 September 2006

HELICAL – STOCKING UP

  • Profit before tax, excluding investment gains, of £10.8m (2005: £7.9m) -up 37%
  • Interim dividend of 1.60p per share (2005: 1.45p) –up 10%
  • High levels of new transactions in joint venture to create new high margin business
  • Major planning gains at Liphook. Further retirement village sites acquired
  • £65m of forward sales of 360 residential units at Milton Keynes and Cardiff
  • Increased trading activity to bear fruit in 2007 and 2008.

Commenting on the results, Giles Weaver, Chairman, said: ‘The last six months have seen significant progress in many of our schemes and further development of joint venture relationships. We are confident that despite the anticipated easing of recent yield compression, our diversified, value added, active management approach will create significant surpluses in the foreseeable future.’ For further information, please contact:

Helical Bar plc 020 7629 0113
Michael Slade (Managing Director) ξ
Nigel McNair Scott (Finance Director) ξ
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Address: 11-15 Farm Street, London W1J 5RS
Fax: 020 7408 1666
Website: www.helical.co.uk
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Financial Dynamics 020 7831 3113
Stephanie Highett/Dido Laurimore ξ

View the full Interim Results 2006 (in pdf format).