HML Holdings PLC announced unaudited consolidated earnings results for the six months ended September 30, 2017. For the six months, the company reported revenues of £12,717,000 compared with £10,176,000 for the same period a year ago. Profit from operations was £713,000 compared with £679,000 for the same period a year ago. Profit before tax was £683,000 compared with £657,000 for the same period a year ago. Profit for the period attributable to equity holders of the company was £553,000 or 1.2 pence per basic and diluted share compared with £539,000 or 1.4 pence per diluted share for the same period a year ago. Adjusted earnings per basic and diluted share were 1.9 pence compared with adjusted earnings per diluted share of 2.0 pence a year ago. Net cash provided by operating activities was £1,055,000 compared with £903,000 for the same period a year ago. Purchase of property, plant and equipment was £313,000 compared with £157,000 for the same period a year ago. Purchase of software was £119,000 compared with £110,000 for the same period a year ago.

The company provided effective rate guidance for the year ending March 31, 2018. Taxation for the six months to September 30, 2017 is based on the effective rate of taxation of 19% which is estimated to apply for the year 2018.