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 |
