west water supplier United Utilities has reported a jump in first-half profits.
The water utilities company said revenues for the six months to the end of September grew to £916.4m, up from £876m, and pre-tax profits grew to £212.5m from £197.4m compared to the same period last year.
Shareholders will receive a proposed interim dividend of 13.76p per share, which is an increase of 3.9 per cent. The Warrington-- headquartered business said the rise was helped by incentives from the regulator and lower costs. Water utilities in Britain enjoy delivery incentives paid by regulator Ofwat for meeting or exceeding targets, including project completions and customer service.
United Utilities, which supplies water to three million homes and 200,000 businesses across the region, said it expects to meet its target of net delivery incentives outcome over the 2015-20 period.