Operating Profit Up 95% for UK Self-Storage Operator Lok'nStore

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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.”

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