Interest cost up as pre-tax income falls 9.6% at SES Water

Pre tax income down at Sutton and East Surrey Water fell 9.6% to £12.94m on sales up 2.6% to £64.68m according to its annual report for the year to 31 March 2017.

Operating profit was up year on year by 5.4% to £21.2m but net interest payments chiefly on index linked bonds were up 17.25% at £9.21m. Operating costs were up 1.3% to £43.47m.