LONDON (ShareCast) - (ShareCast News) - Shares in Helical slipped a little as it posted a rise in full-year EPRA net asset value per share, but a fall in EPRA earnings per share.
The company's IFRS pre-tax profit was £41.6m, down from £114.0m. Its EPRA NAV per share was up at 473p, from 456p, while its EPRA EPS was 0.5p, from 17.1p.

"Helical has a dynamic portfolio with good upside potential through a combination of development, refurbishment and significant asset management opportunities," said chief executive Gerald Kaye.

"We believe our concentration on offices and mixed use assets in London, offices in Manchester and well located logistics units will provide capital growth from development gains and rising income streams," he added.

Helical said it had actively sought to add to its development pipeline with exciting new schemes, particularly in London.

"Rebalancing the portfolio through the sale of non-core assets enables us to recycle some of the value we have created in recent years and fully pursue those opportunities that we have identified."

At 15:10 BST, shares in Helical were down 0.44% to 337.5p each.

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