United Utilities reports flat pre tax profit after raft of exceptional items

May 28, 2019

Pre tax profit at United Utilities was up by less than 1% for the year to 31 March 2019 to £432m on revenue up 4.8% at £1,818 million. Reported operating profit was down £1.5 m to £634.9m.


Underlying profit before tax was up £90m to £460m after exclusion of a number exceptional items.. The chief items were  £40m from underlying operating profit and £46m from net expense adjustments to exclude items that were not part the “normal course of business.”


Underlying operating profit at £685m was up, year on year, £40m on excluding  exceptional expenses from the year end 2018 and the current report year. The chief impact  arose from a £36m and expenditure on measures to safeguard continuity of supply  in response to the demand hike during last year’s hot summer £6.6m and equalisation measures to address the gender gap in guaranteed minimum pensions.

Please reload

Featured Posts

Advisor urges Sunak to unlock private infrastructure capital to reboot economy

May 24, 2020

Please reload

More from this week
Please reload