- Property management services group HML posted lower first-half profit amid what it described as challenging market conditions.

Pre-tax profit for the six months through September fell to £0.63m, compared to a profit of £0.76m on-year.

Revenue rose 14% to £15.5m and adjusted operating profit fell 5% to £1.07m.

'We are pleased to report continuous growth for the group in challenging market conditions,' chief executive Robert Plumb said.

'Our ability to buy and successfully integrate acquisitions is improving, and while we are yet to see the full benefits flow through, we are confident that our strategy will deliver significant value to shareholders in the long-term.'

At 1:48pm: [LON:HMLH] HML Holdings PLC share price was +0.5p at 33p

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