Big Yellow unveils full year loss

Self storage brand Big Yellow posted an 8 per cent annual increase in store revenue as it slipped into a pre-tax loss amid a persistently weak macroeconomic background.

Self storage brand Big Yellow posted an 8 per cent annual increase in store revenue as it slipped into a pre-tax loss amid a persistently weak macroeconomic background.

The group made a statutory pre-tax loss of £35.6m for the year ended 31 March 2012 compared to a profit of £6.9m last year. This reduction reflects the decrease in the valuation of the group's open stores, partially offset by the improved adjusted profit, Big Yellow explained.

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