back Preliminary results for the year to 31 March 2005

HELICAL GROWS BY 30% HIGHLIGHTS

  • Adjusted diluted net asset value plus trading stock surplus totalling 1148p per share (2004: 884p) –up 30 per cent
  • Record profit before tax £34.9m (2004: £13.7m) – up 155 per cent
  • Diluted earnings per share of 110.5p (2004: 39.6p) –up 179 per cent
  • Substantial increase in development profits and a strong performance in investment portfolio underpin results
  • Final dividend of 11.00p per share (2004: 10.00p) – up 10 per cent
  • The Company has returned £102m to shareholders since 1 April 2004

John Southwell, Chairman, commented; ‘The sale of our industrial estates at Aycliffe & Peterlee generated an exceptional profit for the Company which together with the benefits from the new diversified programme, put together from 2002, produced an excellent result. This programme, with over 30 projects under way, should continue to produce good shareholder returns for the next couple of years.’ Further information:

Helical Bar plc Tel: 020 7629 0113
Nigel McNair Scott (Finance Director) after 2.00 p.m.
Michael Brown (Investment Director)

Issued by:

Financial Dynamics Tel: 020 7831 3113
Stephanie Highett/Dido Laurimore

View the full Preliminary results 2005 (in pdf format).