back Interim results for the half year to 30 September 2002

Helical remains confident

  • Profits, including exceptionals, up 32% to £14.7m (2001: £11.1m)
  • EPS up 5% to 31.1p (2001: 29.7p)
  • Interim dividend increased by 9% to 6.0p (2001: 5.5p)
  • NAV up 3% to 817p (31.03.2002: 793p)
  • Further reduction in net gearing to 45% (31.03.2002: 64%)
  • Major reduction in Central London office portfolio
  • Purchase, in joint venture with Morley Fund Management, of the 10.3 acre Dairy Crest Westway site in West London

John Southwell, Chairman, Helical Bar commented: ‘We remain confident that the quality of our management team, our stock-picking abilities and our investment portfolio will enable us to enhance future shareholder value.’

Further information, please contact:

Helical Bar plc 020 7629 0113 ξ
Michael Slade (Managing Director) ξ ξ
Nigel McNair Scott (Finance Director) ξ ξ
ξ ξ ξ
Financial Dynamics 020 7831 3113 ξ
Stephanie Highett/Dido Laurimore ξ ξ

View the full interim results 2002 (PDF, 716KB).