COMPANY RESULTS

UK: United Utilities (UU) announced its preliminary results for the year ended 31 March 2003.

Profit before tax rose by slightly over 2% to £330.3 million. The company said that the growth had been driven by the performance of its support services businesses. UU was one of the preferred bidders to partner Scottish Water in the delivery of its four-year, £1.8 billion capital investment programme. This would represent the third major utility outsourcing ...

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