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Big Yellow Announces Results for the 6 months ended 30th September 2016
Big Yellow, announces results for the 6 months ended 30th September 2016.
Below is a quick summary of their performance in the first half:
1. Big Yellow had a good first half with growth in both occupancy and net rent per sq ft.
2. Strong revenue performance driving EBIDTA, earnings and dividend growth.
3. Adjusted profit before tax up 13% to £27.0 million
4. Cash flow from operating activities (after finance costs) increased by 10% to 28.9 million.
5. 12% increase in interim dividend to 13.5 pence per share.
6. Acquisition of four store Lock and Leave portfolio in April 2016 for £21 million.
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