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SAFE Safestore Holdings News Story

gb flag iconLast trade - 00:00
FinancialsBalancedMid CapNeutral

BUZZ-UK's Safestore gains on strong sales, interim profit

** Shares of real estate investment trust  SAFE.L  rise as
much as 2.6% to 1,069p
    ** Co posts HY profit before tax of 285.2 mln pounds
($351.11 million) vs 167.3 mln pounds reported a year ago 
    ** SAFE benefited from strong growth in sales and robust
growth of its investment properties 
    ** Says HY group revenues increased 14.6% to 101 mln pounds
    ** Co, however, says it is cautious of rising inflationary
pressures and cost of living 
    * Including session's gains, stock down ~25.3% YTD

($1 = 0.8123 pounds)

 (Reporting by Sinchita Mitra in Bengaluru)

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