Private sewer costs loom over UK interims
- From: Vol 12, Issue 12 (December 2011)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Anglian Water, Northumbian Water, Pennon, Severn Trent, Southern Water, Thames Water, United Utilities, Welsh Water, Wessex Water and Yorkshire Water
A mixed set of half-year results from the UK water and sewerage groups largely shunned the question of extra expenditure associated with the adoption of private sewers. Are companies being too complacent?
All but three of the UK’s 10 integrated water and sewerage companies reported reasonably healthy pre-tax profits for the first six months of 2011/12, as the industry weathered the volatility in the world’s financial markets.
One exception was Welsh Water (Dwr Cymru), where the interim figures were again skewed by fair-valuation losses on financial instruments. An even ...
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