ULS Technology lifts H1 pretax profit

ULS Technology has lifted its H1 pretax profit to £1.7m, from £1.5m. Interim dividend was hiked to 1.1p a share, up 5%.

"I am pleased that we have made good progress in the first half of the year, especially given the unusual market challenges we faced, firstly due to the changes made to the Buy to Let market and secondly the EU referendum," said CEO Ben Thompson.

"We successfully outperformed our competition in the conveyancing comparison market, growing both our B2B customer base and our direct to consumer channels.

"Market conditions have recovered well after the initial referendum shock, and although much remains unknown about the wider economic environment, we are expecting stronger activity in the second half of the year.

"I am very pleased by our strong performance during the period and remain excited by our growth prospects with an encouraging pipeline of new activity.

"I am therefore confident that we will continue to grow our existing customer relationships while adding further new channels to market to expand our market share. I remain excited about the Group's future and its scope to continue to grow profitably."