ULS Technology releases half yearly report

The company has increased its market share resulting in increased revenue, profits and dividend payments in the six months until 30 September 2016.

ULS Technology has released its half yearly results showing an increase in underlying operating profit by 4% to £1.95m.

The company has increased its market share resulting in increased revenue, profits and dividend payments in the six months until 30 September 2016.

The firm’s revenue increased slightly to £9.78m. up from £9.76m and the report showed an interim dividend of 1.10p per share- an increase of 5% on the same period last year.

Ben Thompson, chief executive of ULS Technology, said: “I am pleased that we have made good progress in the first half of the year especially given the unusual market challenges we faced. I am confident that we will continue to grow our existing customer relationships while adding further new channels to market to expand our market share.”