It’s a busy time for results from AIM companies and, despite the gloom hanging over the global economy, companies covered in our update here still appear to be coping well, as you can discover. Those investing with an eye on the potential Inheritance Tax planning benefits of AIM, might be particularly interested in a couple of steady performers covered here.
Smart Metering: doing nicely in the volatile energy space
Smart Metering Systems (AIM: SMS), which installs and manages smart meters, grid-scale battery storage and other carbon reduction ("CaRe") assets, published encouraging interim results. This business remains a cracking play on the UK energy sector.
For the half year ending 30 June 2022 revenue rose 21% to £62.7m, but the more significant Index-linked annualised recurring revenue (‘ILARR’) rose 8% to £93.1m. ILARR is…
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