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IN BRIEF: Smart Metering Systems backs outlook on solid performance
Smart Metering Systems PLC - Glasgow-based provider of end-to-end services in utility connections, smart metering and energy management - Index-linked annualised recurring revenue rises 6.4% to GBP91.4 million as at April 30 from GBP85.9 million as at December 31 in Meter & Data assets.
Says run rate in smart meter installations has strengthened. Adds that it expects further improvement over the course of the year.
Expects its 400 million watts project to start trading in the third quarter of 2022. Liquidity as at April 30 remains "strong" with GBP63.3 million cash in hand, down 46% from GBP117.7 million as at December 31. Says its outlook for underlying profitability in 2022 remains unchanged.
Current stock price: 834.00 pence
12-month change: up 1.1%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Latest SMS News
- UK AGM, EGM Calendar - Week Ahead
27 May 2014 - UK AGM, EGM Calendar - Week Ahead
23 May 2014 - UK AGM, EGM Calendar - Week Ahead
23 May 2014 - UK AGM, EGM Calendar - Week Ahead
22 May 2014 - Smart Metering Systems buys Utility Partnership
14 Apr 2014 - Smart Metering Systems To Acquire Utility Partnership For GBP14 Million
14 Apr 2014 - CORRECT: Smart Metering Systems Lifts Profit As It Adds To Portfolio
17 Mar 2014 - Smart Metering Systems Lifts Profit As It Adds To Portfolio
17 Mar 2014
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