safestay plc said wednesday that revenue for the first quarter of 2022 was slightly ahead of managements expectations and that its 2021 underlying profit before disposals will reflect the effect of pandemicrelated closure periods the londonlisted hostels owner and operator said it has been granted an extension to its 2021 reporting deadline and will now publish its results for the year in july instead of on or before thursday the company said additional time was required to complete the audit work due to covid19related challenges and the effects of the pandemic on resource availability the company said it expects to report revenue for 2021 of 64 million pounds 78 million compared with gbp48 million for 2020 and gross profit of gbp51 million compared with gbp39 million we have had a good first quarter slightly better than we forecast and with room rate returning to prepandemic levels we look forward to providing more detail to shareholders in july chairman larry lipman said