Profits have spiked at self-storage giant Safestore – powered by a strong trading performance and increased earnings from investment properties. In its latest half-year results, profit before income tax jumped from £167.3m to £285.2m, with a 25.3 percent increase in the interim dividend to 9.4p reflecting growing profitability. Meanwhile, group revenues are up 14.6 percent, with like-for-like storage sales rising 16.4 percent. Storage rates were also up across key markets such as UK, Spain, and France – up 13 percent on average, with the UK market enjoying a 15.9 percent…
Safestore Boosts Profits Amid Flurry Of Acquisitions
