May 20 Big Yellow Group Plc, a provider
of self-storage space, posted a 15 percent rise in full-year
profit as more people rented its space at higher prices.
The London-based real estate investment trust (REIT), which
provides people and businesses with space to store goods,
equipment and furniture while moving homes and offices, said a
scarcity of non-residential land in London and South East would
limit the opening of new self storage facilities, boosting its
prospects for the full year.
Adjusted pretax profit rose to 29.2 million pounds ($49.1
million) in the year ended March 31 from 25.5 million pounds a
Revenue grew by 4 percent to 72.2 million pounds.
($1 = 0.5943 British Pounds)
(Reporting By Esha Vaish in Bangalore; Editing by Gopakumar