Results are coming thick and fast
It’s a busy time for results from AIM companies and, despite the gloom hanging over the global economy, companies covered in our update here still appear to be coping well, as you can discover. Those investing with an eye on the potential Inheritance Tax planning benefits of AIM, might be particularly interested in a couple of steady performers covered here.
Smart Metering: doing nicely in the volatile energy space Smart Metering Systems (AIM: SMS), which installs and manages smart meters, grid-scale battery storage and other carbon reduction ("CaRe") assets, published encouraging interim results. This business remains a cracking play on the UK energy sector. For the half year ending 30 June 2022 revenue rose 21% to £62.7m, but the more significant Index-linked annualised recurring revenue (‘ILARR’) rose 8% to £93.1m. ILARR is the revenue generated from meter rental and data contracts at a point in time. Pre-exceptional EBITDA was up 11% to £29.1m while underlying profit before taxation rose 7%…