Smart Metering Systems (AIM:SMS) fantastic results from the owner of gas and electricity meters
Revenue increased 52% to £42.4m (25% excluding acquisition of UPL) with total annualised recurring revenues increased by 43% to £26.2m. Gas metering and data recurring rent increased 41% to £21.9m and data recurring income reached £1.0m and Electricity metering and data recurring rent doubled to £0.6m and data recurring income grew 29% to £2.7m
The overall Gross profit margin came in at 65% (2013:64%) underlying profit before tax increased by 66% to £12.8m and underlying…
Sign up and read the full article
Register to continue reading our content.
Already a member? Login
Previous article Next article