Palantir Stock- Safestore 1H Profit Jumped, Sees FY 2021 Earnings at Top End of Range
By Jaime Llinares Taboada
Safestore Holdings PLC on Thursday reported an improved profit for the first half of fiscal 2021, driven mainly by investment gains, and forecasts full-year earnings at the top end of the guidance range.
The London-listed self-storage group posted a pretax profit of 167.3 million pounds ($234.0 million) in the six months to April 30, up from GBP99.7 million for the same period a year earlier.
Gains on investment properties rose to GBP127.7 million from GBP64.0 million, and underlying earnings before interest, taxes, depreciation and amortization increased to GBP54.4 million from GBP45.9 million.
Chief Executive Frederic Vecchioli forecasts full-year diluted earnings per share at the top end of the 37 pence-38 pence guidance range, which would represent year-on-year growth of 26%.
Safestore declared an interim dividend of 7.5 pence a share, up from 5.9 pence a year earlier.
Write to Jaime Llinares Taboada at [email protected] Zoom.com; @JaimeLlinaresT