fulcrum utility services ltd said thursday that it expects it fullyear results to meet prior guidance and that it will exit the smartmetering business the utility infrastructure and services provider said it has made positive progress in addressing identified issues implementing improvements and developing a clear strategy and it will meet guidance for the year ended in march 31 first set out in october fulcrum said then that it expected to report fullyear revenue falling to 490 million pounds 611 million from gbp618 million and a swing to an adjusted earnings loss of gbp60 million from a profit of around gbp500000 as it experienced significant challenges from energy and wider market conditions the company said a strategic review begun in december has already identified several opportunities and operational improvements including the development of a new sales strategy and an exit from the smartmetering market fulcrum has also agreed an amendment to a lineofcredit first disclosed in early december increasing the provision of funding by gbp5 million to gbp11 million as principal the facility will be used to support the strategic review and ensure sufficient working capital the terms of the lineofcredit are otherwise the same and it remains repayable by nov 1 and with an interest rate on drawn money of 20