ULS Technology's shares up after forecast rise in FY adjusted profit

Shares in ULS Technology rose almost 9% after it flagged full-year results ahead of market expectations, with adjusted pre-tax profit up about 15% to £4.4m.

It also saw revenue ahead by about 8% to £22.3m.

ULS said these results would be delivered amid a challenging domestic property market, helped by its continuing focus on helping existing partners to grow their businesses and through the successful recruitment of new partners.

"The group continues to generate strong cash flow from operating activities," it said.

Its board intended, subject to shareholder approval, to continue its policy of paying a progressive dividend this financial year.

At 15:02 BST, shares in AIM-quoted ULS Technology were up 8.91% to 107p.