United Utilities buoyant on half-year performance
Date added:
26/11/2014
WATER group United Utilities saw underlying operating profits increase by 3% to £221.2m in the half-year to September. The Warrington-based group, which provides water and sewerage services across the North West, achieved revenues of £859m, up 1.6%. After taking into account one-charges and adjustments, profits fell by more than £100m from £333.6m. But this figure was largely down to an accounting gain on debt and derivative instruments last time. The group's pension deficit reduced from £177m to £1...
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