16.11.2023 08:48:12 - dpa-AFX: United Utilities H1 Profit Down, Revenues Rise; Sees Revenue Growth In FY24
WARRINGTON (dpa-AFX) - United Utilities Group PLC (UU.L, UUGRY.PK) reported
Thursday that its first-half profit before tax was 160.0 million pounds, down
62.5 percent from last year's 426.3 million pounds.
Earnings per share were 17.1 pence, down from 51.8 pence last year.
Underlying profit before tax was 90.3 million pounds, compared to last year's
loss of 7.9 million pounds. Underlying earnings per share were 13.2 pence,
compared to loss of 1.8 pence a year earlier.
Revenue for the period grew 6.8 percent to 982.0 million pounds from prior
year's 919.3 million pounds.
Furthr, the company recommended interim dividend of 16.59p, in line with policy.
Looking ahead for fiscal 2024, the company projects revenue to increase by
around 150 million pounds.
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