- Operating profits at property management services group HML Holdings rose by 37% to £1.1m in the year to the end of March.

Revenues were up 21% at £12.8m - 10% excluding acquisitions - and earnings per share rose to 1.8p from 1.1p in 2012.

Chief executive Rob Plumb said:"HML has taken major steps forward this year. We have had a 76% improvement in after tax earnings as well as enjoying a record value of new management instructions.

"We also significantly extended the geographical reach of our service offering by acquiring The Guthrie Partnership in the North West of England.

"We are confident of our ability to grow earnings through market share growth and on-going improvements in our economies of scale. "We have also been active through our membership of various trade associations in supporting measures to improve transparency and service levels in the leasehold sector.

"Adherence to a set of minimum standards would, we believe, establish a market place that would ensure the quality of service that leaseholders expect."

At 8:46am: [LON:HMLH] share price was +0.75p at 15.5p

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