HML Holdings Buys Portfolio Of Clients For GBP68,135

18th Jun 2010 16:16

LONDON (Dow Jones)--HML Holdings PLC (HMLH.LN), a provider of property management, insurance and ancillary services to residential property blocks, Friday announces that it has acquired a portfolio of clients from Accountable Property Management Limited, a Hendon based residential property manager for a total consideration of GBP68,135 payable in 12 months. MAIN FACTS: -The acquisition of the portfolio from APML, which had revenues of GBP70,000 and profits of approximately GBP16,000 for the year ending Nov. 30, 2009, is expected to be immediately earnings enhancing. -Group's trading continues in line with market expectations. -Shares at 1514 GMT unchanged at 11.5 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 18, 2010 11:16 ET (15:16 GMT)