Scottish gas service firm Smart Metering Systems said yesterday it was confident of further growth after profits more than doubled.
It reported pre-tax profits of £1.5million in first half of the year, compared with £704,000 during the same period in 2010.
Revenue in the six months to June 30 also increased year-on-year to £7.4million from £5.8million.
Smart floated on the Stock Exchange’s Alternative Investment Market (Aim) during the period and the initial public offering (IPO) raised £10million of new investment.
Chief executive Alan Foy said: “We are well placed to continue this growth by maintaining a consistently high quality service to our customers and ongoing investment in meter assets. We view the remainder of the year with confidence.”