Thames profit slide

WHILE THAMES WATER made a significant contribution to a 35% increase in RWE’s operating profits, profits before tax at the regulated utility business were down by nearly 29%.

An RWE statement on results for the period 1 July 2000 to 30 June 2001 said that Thames has become “a highly profitable pillar” in the company’s multi-utility portfolio since November 2000. Over a 12-month
projection, water would have contributed more than 20% to RWE’s operating result.

However, the story in the UK was somewhat different. Thames Water ...

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