Helical follows a progressive dividend policy of increasing its dividends whilst retaining the majority of funds generated for investment to grow the business. As the Group completes and lets its current development programme, it expects to be able to reflect the growth in earnings in increased dividends paid to Shareholders. The Company has proposed an interim dividend of 2.70p, an increase of 3.8% on the previous period (2018: 2.60p).
Other financial highlights include:
Earnings
IFRS basic earnings per share of 11.7p (2018: 21.8p).
IFRS Profit before tax of £13.1m (2018: £29.1m).
Total Accounting Return of 2.7% (2018: 5.1%).
See-through Total Property Return of £28.6m (2018: £43.2m):
- Group's share of net rental income of £13.0m (2018: £11.7m).
- Development profits of £5.7m (2018: losses of £2.1m), after provisions of £1.2m (2018: £6.2m).
- Net gain on sale and revaluation of investment properties of £9.9m (2018: £33.6m).
EPRA earnings per share of 5.4p (2018: loss of 4.6p).
Balance Sheet
Net asset value up 1.1% to £573.7m (31 March 2019: £567.4m).
EPRA net asset value per share up 0.8% to 486p (31 March 2019: 482p).
EPRA triple net asset value per share up 0.2% to 466p (31 March 2019: 465p).
