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Office lettings company Helical said profit more than halved in the first half of the year on a plunge in portfolio revaluation gains.
For the six months ended 30 September, pre-tax profit fell to £13.1m from £29.1m on-year as total property return slipped to £28.6m from £43.2m.
The weakness was driven by a plunge in sale and revelation gains of investment properties to £9.9m from £33.6m.
The interim dividend was raised 3.8% to 2.70p per share.
At 9:39am: (LON:HLCL) Helical Bar PLC share price was -1.5p at 400p