Self storage firm Big Yellow this morning posted a hike in pretax profit for the six months to 30 September 2005 to £42.2m from £33.2m a year earlier.
NAV was up 27% to 227.7p from 179.6p.
The board said it had reviewed its dividend policy and concluded that an interim dividend of 2p per share be paid in the current year, up from 0.5p in 2004.
Chairman Nicholas Vetch said that after a slow start in April trading from May through to September had exceeded expectations.
“In the light of this,” he added, “we intend to continue our expansion by acquiring six- to-eight new sites per annum and look forward to opening the 12 stores in our development pipeline.”
References: EGi News 15/11/05
