HML Holdings Plc (AIM: HMLH), the property management services group, today announces its interim results for the six months to 30 September 2018.
Highlights for the six-month period:
- Revenue up 7% to £13.6 million (2017: £12.7 million)
- 11% increase in profit from operations before interest, amortisation, share based payment charges and taxation to £1.12 million (2017: £1.01 million)
- Cash generated from operations was £1.56 million (2017: £1.04 million)
- Adjusted earnings per share 2.2p (2017: 1.9p). Adjusted earnings are calculated before interest, amortisation and share based payment charges.
- Net debt reduced to £0.96 million (2017: £1.47 million)
Commenting on the results, Robert Plumb, Chief Executive Officer of HML Holdings Plc said: “This is an encouraging set of results for the first half of the year, especially when considered against the backdrop of an uncertain UK property market. To have recorded record half year earnings while we implement significant operational changes demonstrates that we are moving in the right direction as we create a property management services group fit to meet the challenges of the future.”
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