UK profitability under scrutiny at half-time
- From: Vol 9, Issue 12 (December 2008)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Anglian Water, Deutsche Bank, Glas Cymru, Northumbrian Water, Pennon, Severn Trent, Southern Water, Thames Water, United Utilities and Yorkshire Water
Profitability at the listed UK water companies has been lagging behind that of many privately held operators. Increased fears over customer bad debts could hit full-year figures hard.
Three of the four listed UK water groups posted increased profits in the first six months of fiscal 2008-09, with only Northumbrian Water experiencing a 1.8% decline on the same period last year – a setback it blamed largely on higher fuel costs. Northumbrian said that these had been a big factor in a £16.5 million (8.6%) increase ...
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