StockMarketWire.com - HML Holdings reported a 15% rise in profits as ‘strong’ growth in concierge management fees bolstered performance.

For the year ended 31 March, pre-tax profits rose 15% to £1.69m as revenues increased by 8% to £28.1m.

The company experienced strong growth in concierge (site staff) management fees where it had consolidated and improved its service offering, though growth was stifled somewhat by weaker performance its pre-contract enquiry fees segment where revenues fell 7% amid a lower number of property sales.

The company proposed a dividend of 0.47p a share, up from 0.42p last year.

‘It has been a good year for HML growing adjusted EBITDA by 8% while significantly improving our service coverage with the addition of four acquired offices in key locations for our growing client base. We are confident in our ability to maintain this momentum while we continue to build our network and our central support divisions,’ said Robert Plumb, Chief Executive of HML.






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