HML Holdings PLC – Half-year Report

HML Holdings Plc (AIM: HMLH), the property management services group, today announces its interim results for the six months to 30 September 2019.

 

Highlights for the six-month period:

 

·      Revenue up 14% to £15.5m (2018: £13.6m)

·      Adjusted operating profit has reduced by 5% to £1.07m (2018: £1.12m)*

·      Cash generated from operations was £1.39m (2018: £1.56m)

·      Adjusted earnings per share fell to 2.1p (2018: 2.2p)**

·      Units under management increased to 82,000 (2018: 76,000)

 

*before interest, share based payment charges, amortisation and tax (see note 4)

**before interest, share based payment charges, amortisation and tax (see note 5)

 

Commenting on the results, Robert Plumb, Chief Executive Officer of HML Holdings Plc said:

“We are pleased to report continuous growth for the group in challenging market conditions. Our ability to buy and successfully integrate acquisitions is improving, and while we are yet to see the full benefits flow through, we are confident that our strategy will deliver significant value to shareholders in the long-term.”