Smart Metering Systems announced its maiden dividend after increased numbers of people using its meters boosted profits in the first half.

Pre-tax profits rose by 88% to £2.9m, with earnings per share going up by 46% to 2.6p.

Revenue increased by 25% to £9.3m, all of which prompted the firm to announce its maiden dividend of 0.5p.

The company, which owns and maintains metering systems and databases on behalf of major energy companies, said its meter portfolio had increased by 25% to 283,275 during the period.

The firm highlighted several new contracts won during the period, including one with Scottish and Southern Energy, which adds around 180,000 meters to its portfolio.

Online gaming operator 32Red reported record first half revenues, up fifty per cent from the same time last year as momentum continues into the second half.

The casino group said revenue increased to £16.5m for the first half to 30th June from £11m a year earlier. Earnings before interest, tax, depreciation and amortisation before share options and exceptional items increased 12% to £1.7m.

Active casino players during the first six months of the year jumped 81% to 31,722. Casino player yield fell to £457 from £543 in the same half in 2011. New Casino players surged 93% to 18,724.

The group, which is set to launch its brand in Italy in the second half, said current trading remains strong and in line with management expectations.

Chief Executive Officer Ed Ware added the group's strong performance has continued during the first 2 months of the second half, despite the distraction of the Olympic Games.

An interim dividend of 0.6p has been recommended, up 20% from 2011.

JH

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