United Utilities Reports Massive Profit Jump

United Utilities, a major water company, reported a significant increase in profits for the first half of its financial year, with an operating profit of £562 million, a 67% rise compared to last year. This growth was driven by lower finance costs and a 21% increase in total revenue. The company also set a higher interim dividend and introduced formal earnings per share guidance for the full year. Despite slight adjustments to capital spending plans, United Utilities expects to face a net penalty for performance incentives.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.