ULS Technology releases half yearly report

Jessica Nangle

November 22, 2016

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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.”

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