Big Yellow Group plc announced audited consolidated earnings results for the fourth quarter and year ended March 31, 2013. For year, the company reported revenue GBP 69,671,000 against GBP 65,663,000 a year ago. Operating profit was GBP 48,028,000 against operating loss of GBP 15,805,000 a year ago. Profit before taxation was GBP 31,876,000 against loss before taxation of GBP 35,551,000 a year ago. Profit for the period attributable to equity shareholders was GBP 31,876,000 or 24.1 pence per diluted share against loss for the period attributable to equity shareholders of GBP 35,551,000 or 27.4 pence per diluted share a year ago. Cash flows from operating activities were GBP 30,186,000 against GBP 27,388,000 a year ago. Net debt at end of period was GBP 230,456,000 against GBP 273,940,000 a year ago. Adjusted profit before tax was GBP 25,471,000 against GBP 23,643,000 a year ago. Adjusted EBITDA was GBP 37,244,000 against GBP 34,242,000 a year ago. Store revenue was GBP 8,289,000 against GBP 6,539,000 a year ago. Free cash flow increased was GBP 30,186,000 against GBP 27,388,000 a year ago. Adjusted net assets per share of 419.2 pence compared to 427.7 pence at March 31, 2012. Store revenue for the fourth quarter decreased by 1% to GBP 15.9 million from GBP 16.1 million for the same quarter last year.

The board of Big Yellow Group plc recommended the payment of a final dividend of 6 pence per share against 5.5 pence per share in 2012, taking the total dividend declared for the year to 11 pence per share against 10 pence per share in 2012. Subject to approval by shareholders at the Annual General Meeting to be held on July 19, 2013, the final dividend will be paid on July 24, 2013. The ex-div date is June 12, 2013 and the record date is June 14, 2013. The company intends to open prominent Gypsy Corner site on the A40 in West London in April 2014.

Big Yellow Group plc (LSE:BYG) is seeking acquisitions. Nicholas Vetch, Executive Chairman of Big Yellow, said, "We continue to monitor site acquisition opportunities, principally focused on London."