- Smart meter installer Smart Metering Systems booked a 2% rise in annual profit, as it boosted revenue from meter rental and data contracts.

Pre-tax profit for the year through December increased to £5.5m, up from £5.4m on-year.

The company's net profit fell 11% to £4.0m owing to a higher tax bill.

Revenue rose 16% to £114.3m and pre-exceptional earnings before, interest, tax, deprecation and amortisation climbed 14% to £58.9m.

Smart Metering Systems declared a full-year dividend of 6.88p per share, up 15% on-year.

At 9:27am: [LON:SMS] Smart Metering Systems PLC share price was +61.25p at 631.25p

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