back Preliminary results for the year to to 31 March 2001

Helical grows net asset value by 30% again

Highlights

  • Net assets per share at 803p (2000: 620p) – up 30 per cent
  • Record pre-tax profits of £25.8m (2000: £22.0m) – up 17 per cent
  • Total dividend of 12.5p per share (2000: 11.15p) – up 12 per cent
  • Total Shareholder Return of 186p: 33 per cent

John Southwell, Chairman, commented: “Helical had another good year. It completed its major London developments at One Bunhill Row, EC1 and 100 Wood Street, EC2 and its investment portfolio benefited from refurbishment schemes and rising rental values in Central London. Given the more uncertain outlook, Helical has reduced gearing and increased liquidity to take advantage of any opportunities arising.”

Further information:

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

Issued by:

Financial Dynamics Tel: 020 7831 3113
Stephanie Highett

View the full preliminary results 2001 (PDF, 152 KB).