In a trading update, SMS confirmed that revenue and underlying profitability to 30 June 2020 are in line with earlier expectations demonstrating the resilience of meter related ILARR and business model. FY20 underlying profitability remains in line with prior expectations. H1/20 net cash was £45m. Meter installations recommenced on 1 June 2020 and are expected to return to normal run rates by the beginning of 2021. We believe SMS presents a compelling investment proposition with a strong balance ....
30 Jul 2020
Cenkos: Smart Metering Systems Plc -- Trading update
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Cenkos: Smart Metering Systems Plc -- Trading update
Smart Metering Systems PLC (SMS:LON) | 952 0 0.0% | Mkt Cap: 1,316m
- Published:
30 Jul 2020 -
Author:
Ian McInally -
Pages:
4
In a trading update, SMS confirmed that revenue and underlying profitability to 30 June 2020 are in line with earlier expectations demonstrating the resilience of meter related ILARR and business model. FY20 underlying profitability remains in line with prior expectations. H1/20 net cash was £45m. Meter installations recommenced on 1 June 2020 and are expected to return to normal run rates by the beginning of 2021. We believe SMS presents a compelling investment proposition with a strong balance ....