Details Tuesday, 28 June 2016

HML Holdings plc (AIM: HMLH), the property management services Group, announces final results for the year ended 31 March 2016.

Financial and Operational Highlights:

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Revenues uo 8% to £18.6m (2015: £17.2m)

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EBITDA up 8% to £1,893,000 (2015: £1,745,000)**

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Operating profit up 6% to £1,634,000 (2015: £1,535,000)*

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Profit after tax up 9% to £1,012,000 (2015: £928,000)

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Basic earnings per share 2.7p (2015: 2.5p)

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Dividends proposed of 0.33p per share (2015: 0.30p)

*before interest, share based payment charges, amortisation and tax (see note 1)

**before interest, share based payment charges, depreciation, amortisation and tax

Download the results here.

Commenting on the results, Rob Plumb, Chief Executive of HML Holdings said:'We have made excellent progress this year significantly increasing the number of properties under management while investing in our systems and compliance infrastructure. As a result, we now provide an even higher quality of service that will further differentiate HML from its peer group and reinforce our ability to continue to grow.

As part of our commitent to accelerating the growth of the group, in the second half of the year we invested in dedicated new business teams which have already delivered more than £600,000 of annualised new management contracts, underlining our ability to grow organically as well as through acquisitions'.

For further information:

HML Holdings PLC:

020 8439 8529

Robert Plumb, Chief Executive

James Howgego, Financial Director

Tavistock Communications Group:

020 7920 3150

James Verstringhe, Jeremy Carey

finnCap:

020 7220 0500

Jonny Franklin-Adams / Giles Rolls, corporate finance

HML Holdings plc published this content on 28 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 June 2016 09:35:05 UTC.

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