18th Jun 2015 10:50
LONDON (Alliance News) - HML Holdings PLC, an AIM-listed property management services company, Thursday said its pretax profit increased by 11% in its last financial year, with a major part of its earnings growth coming from its insurance broker.
Pretax profit amounted to GBP1.1 million in the year ended March 31, compared with GBP1.0 million in the prior year. The company increased its dividend for the year to 0.30 pence from 0.27p.
Residential property units under management increased by 7,000 to 51,000, while insurance broker Alexander Bonhill drove growth in revenue and earnings. The company said that lettings management is a "growing and successful part" of its plans for growth.
"We are pleased to be reporting continuous revenues and earnings growth particularly during a time in which we are making investments in our systems and infrastructure. This investment enhances our confidence in our ability to continue providing both organic and acquisition led growth," Chief Executive Rob Plumb said in a statement.
The company said that acquisitions, which it said helped growth in its last financial year, remain an "intrinsic part" of its growth plans for revenue, earnings and geographic expansion.
HML shares were down 6.0% at 34.80p on Thursday late morning.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
HMLH.L