- Property management services group HML Holdings posts operating profits of £509,000 for the year to the end of March - up from £365,000 last time.

The firm has 30,000 property units under management (2010: 27,000 units) and like-for-like revenues roe 8% to £9.4m.

CEO Rob Plumb said: "HML has had an excellent year with operating profit increasing by 39% at a time when we made further investments to our service infrastructure.

"The changes within the residential managing agent market place will, we believe, present the group with significant opportunities to benefit from our investment in the quality and reliability of our service offering."

At 8:00am: [LON:HMLH] share price was +0.5p at 11.75p

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