Property management services provider HML Holdings reported a dip in profit even though revenues increased.
In the six months to September 2019, revenues were 14% ahead at £15.5m. Pre-contract enquiries and surveying revenues have been weak, but insurance revenues have increased. Salaries are rising faster than fees. Pre-tax profit fell from £760,000 to £630,000.
Units under management increased from 76,000 to 82,000.
finnCap is still expecting a small increase in full year pre-tax profit from £2.4m to £2.5m.
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