Hersing Corporation, the property agency and the provider of self-storage services, says profit after tax more than tripled from $1.6 million to $5 million for the quarter. Total group revenue for the quarter, at $63.3 million, was 92% higher than the $33 million in the corresponding period last year.

Hersing says all three business segments registered revenue and profit growth in the quarter.

The real estate segment of the group remained the largest revenue and profit contributor. Revenue generated for the quarter, at $52.8 million, was 122.2% higher than the corresponding period last year.

The financial services segment showed a steady growth of 6.6% where revenue rose from $6.8 million to $7.2 million.

Total revenue for the self storage business increased 33.6%, from $2.9 million to $3.9 million as continued improvements in the economy boasted consumer discretionary spending.