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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 dividends calendar - next 7 days
23 Jun 2022 - Smart Metering Systems makes two 'strategic' investments
21 Jun 2022 - Smart Metering Systems announces deals with Clenergy and n3rgy
21 Jun 2022 - Smart Metering maintains forecast after strong recent trading
19 May 2022 - UK shareholder meetings calendar - next 7 days
12 May 2022 - UK earnings, trading statements calendar - next 7 days
12 May 2022 - UK dividends calendar - next 7 days
21 Apr 2022
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