29th Jan 2016 08:40
LONDON (Alliance News) - Smart Metering Systems PLC on Friday said it saw double-digit increases in all its income streams in 2015, and said it remains confident on its outlook having won domestic smart meter service contracts since the start of 2016.
The company said the number of gas meters under management increased around 21% over the course of 2015 to 734,000, with an acceleration of growth in the second half.
Total annual recurring income rose to GBP34.6 million, with growth across its gas and electricity metering operations.
Smart Metering shares were up 0.5% to 385.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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