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Smart Metering Systems reports 38% growth

19 Mar 2014
Smart Metering Systems has reported another year of double-digit revenue and profit growth. Installed utility meter estate grew by 38% in the 2013 financial year.

The Glasgow-based company said it added four new gas supplier clients in the year, taking the total to 17, representing more than 80 per cent of the UK industrial and commercial market.

The group reports pre-tax profits rose 42 per cent to £7.4 million (2012; £5.2 million) in the 2013 year ending December on a 33 per cent hike in revenues to £27.9 million (2012: £21 million).