United Utilities reports revenue rise but profit drop, plans major investments to reduce leaks.

United Utilities, a major British water company, reported a 10.9% rise in revenue to £1.08 billion for the first half of 2024, despite a 12.1% drop in pre-tax profit to £140.6 million. The company plans significant infrastructure investments to reduce leakages and storm overflows, aiming for a 10% increase in full-year revenues by March 2025. United Utilities also boosted its interim dividend by 4.2%.

November 14, 2024
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