United Utilities posted its H1 20/21 (closing in March) result with revenues down by 4.3% due to the new pricing regime and the pandemic, with an underlying operating profit decline (-18%). Net profit, however, was supported by lower net financial expenses and the underlying movement in the share of joint-ventures. For FY 20/21, the company expects revenue to be £1.75-1.8bn vs £1.86bn recorded last year. Additionally, it expects an ODI reward of around £10m.
