NORTH

Glossop Advertiser - - News -

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.

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