Sponsored By

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

Operating profit for U.K.s Lok'nStore is up by 95% to £857,300 in the six months ending January 31.

April 12, 2011

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

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:

Subscribe to Our Weekly Newsletter
ISS is the most comprehensive source for self-storage news, feature stories, videos and more.

You May Also Like