back Preliminary Results for the year to 31 March 2006

HELICAL GROWS BY 30% FOR THE SECOND YEAR RUNNING Financial Highlights

  • Adjusted diluted net asset value plus trading stock surplus totalling 309p per share (2005: 238p) up 30%
  • Profit before tax of £57.1m (2005: £64.7m)
  • Gain on sale and revaluation of investment properties of £43.6m (2005: £44.2m)
  • Valuation of investment properties up 17.3% (2005: 14.2%)
  • Diluted earnings per share of 51.8p (2005: 53.7p)
  • Substantial increase in trading profits and a strong performance in investment portfolio underpin results
  • Final dividend proposed of 2.45p per share (2005: 2.20p) – up 11%

Giles Weaver, Chairman, commented: ‘Helical has demonstrated its ability to outperform in good times and in bad. After a terrific run we elieve that the rate of yield compression will slow and property returns will not be sustained at the exceptional level of recent years. However, we believe our ability to outperform and provide good returns for our shareholders will continue.’ 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 View the full Preliminary results 2006 (in pdf format).