SMART Metering Systems said it is optimistic about the future after growing first-half profits by around 90% in spite of the uncertain economic outlook.
SMART Metering Systems said it is optimistic about the future after growing first-half profits by around 90% in spite of the uncertain economic outlook.
SMART MOVE: Finance director Glen Murray and chief executive Alan Foy say they are optimistic about the future. Picture: Peter Devlin
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Mark Williamson
The Glasgow-based gas meter technology specialist increased underlying profits to £2.9 million in the six months to June, compared with £1.5m in the same period last year, helped by a series of contract wins.
The AIM-listed company has benefited from increased investment in gas meters by suppliers who are preparing for regulatory changes. These will require the mass roll-out of smart meters from 2014 in support of official efforts to cut carbon emissions.
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