ULS Technology to take revenue hit after losing key contract

Fri, 20th Sep 2019

Conveyancing services provider ULS Technology said it had been unsuccessful in re-tendering for an existing contract. The company said it would continue to provide services to the customer, which it didn't name, during its notice period. A relatively minor impact was expected on the results for the year through March. However, the loss of the contract was expect to have an impact of £0.4-to-£0.5m from the year through March 2021. 'The trading performance of the business otherwise continues to be robust in the face of market headwinds,' ULS said. At 8:28am: (LON:ULS) ULS Technology Plc share price was -6p at 47.5p Story provided by StockMarketWire.com

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