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.
25 Nov 2020
H1 20/21: reported profit up yoy due to non-operational reasons
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H1 20/21: reported profit up yoy due to non-operational reasons
United Utilities Group PLC (UU:LON) | 1,017 162.7 1.6% | Mkt Cap: 6,933m
- Published:
25 Nov 2020 -
Author:
Sejal Varshney -
Pages:
3
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.