Operating profit for U.K.s Lok'nStore is up by 95% to £857,300 in the six months ending January 31.
Revenue rose by 4.5 to £5.42 million, while group earnings before interest, taxes, depreciation and amortization increased by 17.7 percent to £1.71 million.
"In the first half of this year revenue, EBITDA, profit before tax and cash have all increased, evidencing the attractions of the self-storage sector and Lok'nStore's position within it, said CEO Andrew Jacobs. "We are delighted with Lok'nStore's strong performance in the first half of this year following last year's robust growth.
Sources:
- Stock Market Wire : Lok’nStore Operating Profit Up 95.9%
