StockMarketWire.com - Property management service group HML Holdings posts pre-tax profits of £194,000 for the six months to the end of September - up from £55,000 a year ago.

Revenues increased to £4.7m from £4.4m and operating profits rose to £196,000 from £62,000 last time.

Operating profit before interest, amortisation and share-based payment charges increased to £286,000 (2009: £151,000).

CEO Robert Plumb said: "HML has shown again through the delivery of a consistent quality service that we are capable of winning new business and growing our market share despite the competitive landscape of our sector.

"We are extremely pleased with the steady and ongoing improvements across our businesses and supporting divisions.

"The increase in profitability delivered by revenue growth demonstrates how our business model is operationally geared and well positioned to benefit from further growth in market share and any wider market improvement."


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