StockMarketWire.com - Conveyancing services provider ULS Technology said it expected to post a flat underlying first-half profit amid a fall in revenue.

Underlying pre-tax profit for the six months through September was similar to last year at £2.8m, the company said in a trading statement.

Revenue fell 9%, as expected, it added.

'During the first half of the financial year the group continued to trade robustly in a difficult housing market and profit before tax during the period was in line with the board's expectations,' ULS Technology said.

'The company has concentrated on higher-margin segments of the market and has continued to invest in its key products, which will allow growth to accelerate over time.'

ULS Technology said its focus remained on developing high-margin routes to market with the continued roll out of its new flagship product, DigitalMove.

DigitalMove was expected to start contributing directly to revenues during the next financial year.


At 8:28am: [LON:ULS] ULS Technology Plc share price was -0.3p at 50.45p



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