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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%.
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United Utilities reporta aumento de ingresos pero caída de beneficios, planea importantes inversiones para reducir fugas.