back Interim Results for the half year to 30 September 2007

THE PROPERTY CYCLE TURNS

  • Profit after tax for the half year of £13.0m (2006: £10.2m)
  • Interim dividend up 9% to 1.75p per share (2006: 1.60p)
  • Diluted earnings per share of 13.4p (2006: 10.5p)
  • Cash and unused bank facilities of £100m ensuring the Company is well positioned to capitalise on market opportunities
  • Portfolio well diversified with strong asset management opportunities

Commenting on the results, Giles Weaver, Chairman, said: ‘Helical has done many of its best deals in challenging markets and we are certainly more confident of being able to source interesting deals at sensible prices over the next couple of years than over the last two. We remain a relatively small, nimble company where future purchases will continue to have a marked impact on our performance.’ For further information, please contact:

Helical Bar plc 020 7629 0113
Michael Slade (Chief Executive)
Nigel McNair Scott (Finance Director)
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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

View the full Interim Results 2007 (in pdf format).