Thames Water boosts RWE 1Q profits
- From: Vol 2, Issue 12 (December 2001)
- Category: General
- Region: Europe
- Country: United Kingdom
RWE HAS ANNOUNCED THAT THAMES WATER contributed a substantial share to the 37.9% growth in group operating profits to €903 million for the first quarter of 2001 (1 July to 30 September).
Consolidated in the accounts for the first time, Thames Water accounted for just 4% of turnover but contributed 23%, or €207 million, to group profits.
The water division’s external net sales amounted to €683 million, RWE’s first quarter results reveal. Income generated outside the regulated UK water business accounted for 41%, or €280 million, of total sales, clearly ...
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