By Xavier Fontdegloria

ULS Technology PLC on Wednesday said its underlying pretax loss for the first half of fiscal 2022 was lower than expected, as revenue increased.
The London-listed technology company said underlying pretax loss for the six months ended Sept. 30 was about 1.5 million pounds ($2.1 million) as the company accelerated its investment phase. In fiscal 2021’s first half, the company made a pretax profit of GBP69,000.

Revenue for continuing operations for the first half of fiscal 2022 was GBP10.2 million, an increase of around 45% over the prior year, the company said.
The company said that the latest period was a positive one for housing, and that the market shows no sign of slowing particularly as interest rates remain low and employment levels are high.
Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com