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Big Yellow Group H1 Adj. Pretax Profit Slightly Increases; LFL Store Revenue Up 2.4%

Big Yellow Group Plc (BYG.L) reported pretax profit of 59.9 million pounds for the six months ended 30 September 2020 compared to 95.8 million pounds, previous year. Earnings per share was 34.3 pence compared to 57.4 pence. Adjusted profit before tax increased to 36.5 million pounds from 35.3 million pounds. EPRA earnings per share was 20.9 pence compared to 21.0 pence.

First half revenue increased to 65.81 million pounds from 64.27 million pounds, previous year. Revenue growth for the period was 2.3%, with like-for-like store revenue up by 2.4%.

The Group has declared an interim dividend of 17.0 pence per share, which is a decrease of 0.6% on the prior period. The Group noted that the total dividend for the full year will be determined in line with its stated policy.

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