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IN BRIEF: Lok'n Store posts improved first half earnings

Mon, 26th Apr 2021 10:46

Lok'n Store Group PLC - self-storage company - Revenue in six months ended January 31 rises 14% annually to GBP10.2 million from GBP9.0 million. Pretax profit up 27% yearly to GBP2.9 million from GBP2.3 million. Notes store pipeline of 13 sites will add 38% worth of new storage space "over coming years". "We continue to build our pipeline of prominent Landmark storage centres tapping in to deep latent demand for storage in the UK and our store team members have worked tirelessly to provide great service to our customers," Chair Andrew Jacobs says.

Current stock price: 605.00 pence

Year-to-date change: down 10%

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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