back Interim Results For the half year to 30 September 2004

HELICAL TO RETURN £4 A SHARE

  • Shareholders to receive £4 a share by way of a capital reconstruction following the sale of Aycliffe & Peterlee Industrial Estates for £67.6m
  • Adjusted diluted net asset value of 966p per share (31.3.04: 874p) –up 11% after interim valuation
  • ‘Triple net’ asset value of 886p per share (31.3.04: 797p) –up 11%
  • Investment portfolio valuation increase of 9.3% since 31 March 2004
  • Profit before tax of £9.5m (2003: £6.4m) –up 47%
  • Interim dividend held at 6.60p per share (2003: 6.60p)
  • A further 2.0% of share capital bought in for cancellation at an average cost of 843p per share.

John Southwell, Chairman, commented: ‘With over 30 active projects spread across the different property sectors your directors view the financial and trading prospects of the Group for the current financial year and thereafter with confidence.’ Further information, please contact:

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

View the full Interim Results 2004 (in pdf format).