StockMarketWire.com - Conveyancing services provider ULS Technology posted a rise in first-half profit after grew market share in the re-mortgaging sector.

Pre-tax profit for the six months through September rose to £2.3m, up from a £0.6m profit on-year.

Underlying profit rose 6% to £2.9m, as revenue rose 3% to £15.8m.

ULS declared an interim dividend of 1.2p per share, up 4% on-year.

'We are pleased with our performance in the first half of the year especially given the wider economic environment,' chief executive Steve Goodall said.

'We once again outperformed the market in both transactional and re-mortgage volumes.'

'We also increased our sales resource during the period and have concentrated both on increasing the number of advisers who use our systems and how often they use them.'

'We will continue to focus in this area over the coming months and expect these efforts to continue to deliver new contract wins.'


At 9:34am: [LON:ULS] ULS Technology Plc share price was 0p at 77.4p



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