back Interim results for the year to 30 September 2003

Helical spreading its wings

Highlights

  • New retail, industrial and residential projects
  • Further profits on office investment sales
  • Adjusted profits £5.3m (2002: £6.1m)
  • Adjusted diluted NAV per share up 1% to 779p with no interim revaluation (31.03.2003: 770p)
  • Interim dividend increased by 10% to 6.6p (2002: 6.0p)
  • 4.1% of share capital bought in for cancellation at an average cost of 712 pence per share

John Southwell, the Chairman of Helical Bar commented: ‘Helical is building up a portfolio of trading and development schemes which will stand it in good stead over the next five years. By judicious stock selection, I remain confident that Helical will continue to achieve steady growth in its net assets per share over the next two years whilst positioning itself for the next development cycle.’

For further information, please contact:

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

Address: 11-15 Farm Street, London W1J 5RS
Fax: 020 7408 1666
Website: www.helical.co.uk

Financial Dynamics Stephanie Highett/Dido Laurimore 020 7831 3113