Thu, May 21, 2026
Text Size
Thursday, 21 March 2013 08:56

United Utilities expects profit increase

United Utilities has said it expects underlying operating profit to be slightly higher than last year due to the tight management of costs.

In a trading update, the utility said current trading is in line with its expectations for the year ending 31 March 2013 and expects to invest £750 million in 2012/13, compared with £680 million in the prior year.

Revenue is expected to increase at a rate slightly below the allowed regulated price rise for 2012/13 because of the impact on commercial volumes from the challenging market conditions.

Group net debt at 31 March 2013 is expected to be slightly higher than the position at 30 September 2012. This principally reflects expenditure on the regulatory capital investment programme, payment of the 2012/13 interim dividend and payments in relation to interest and tax, largely offset by operational cash flows, the company said.

United Utilities will announce its full year results on 23 May 2013.

 

News Showcase

Sign up to receive the Waterbriefing newsletter:


Watch

Click here for more...

Login / Register




Forgot login?

New Account Registrations

To register for a new account with Waterbriefing, please contact us via email at waterbriefing@imsbis.org

Existing waterbriefing users - log into the new website using your original username and the new password 'waterbriefing'. You can then change your password once logged in.

Advertise with Waterbriefing

WaterBriefing is the UK’s leading online daily dedicated news and intelligence service for business professionals in the water sector – covering both UK and international issues. Advertise with us for an unrivalled opportunity to place your message in front of key influencers, decision makers and purchasers.

Find out more

About Waterbriefing

Water Briefing is an information service, delivering daily news, company data and product information straight to the desks of purchasers, users and specifiers of equipment and services in the UK water and wastewater industry.


Find out more