Residential services franchiser Myhome International has increased first-half pre-tax profits from £278,000 to £742,000.

AIM-quoted Myhome raised its network turnover from £3.1 million to £17 million in the six months to March. The company, in which serial investors Nigel Wray and Stephen Hemsley invested £4 million of new money last December at 40p with £3 million warrants at the same price, has strengthened management and is looking for more opportunities.

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