Big Yellow profit soars

Self storage firm Big Yellow said the subdued economy, higher interest costs and VAT on storage continues to weigh on earnings, but it still managed to post a strong rise in adjusted profit before tax.

Self storage firm Big Yellow said the subdued economy, higher interest costs and VAT on storage continues to weigh on earnings, but it still managed to post a strong rise in adjusted profit before tax.

Adjusted pre-tax profit climbed to £13.9m in the six months ended September 30th from £11.6m a year earlier. Store revenue for the six months rose 11.5% from the year before.

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