11th Apr 2014 08:31
LONDON (Alliance News) - HML Holdings PLC Friday said it expects to report that earnings in its last financial year were marginally ahead of market expectations, as trading in the second-half was helped by the integration of acquisitions and the cross-selling of services.
"Organic growth and an attractive acquisitions market have contributed to HML's increased earnings. We are confident that improvements in our operating efficiency, combined with a positive market environment will ensure this growth in earnings is ongoing," Robert Plumb, chief executive, said in a statement.
HML will report results for the twelve months ended March 31 on June 19.
In November last year, HML acquired the block property management business of LHH Management LLP, based in Kensington, west London, for GBP290,000, while in October it acquired the block property management business of chartered surveyors Philip R Gibbs, based in Bolton, Lancashire, in a deal worth up to GBP300,000. In January 2013, it had bought the business and assets of The Guthrie Partnership for GBP0.8 million.
HML shares were Friday quoted at 31.40 pence, up 6.4%.
By Samuel Agini; [email protected]; @samuelagini
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