SES Water boosts operating income 18%

Increased revenue and falling costs boosted SES Water’s operating income for the six months to 30 September 2019 by 18% over the previous year’s interim result to £11.1m.

Bill increases lifted half-year revenue 3% to £34.3m while operating costs were down 3% to £23.3m from the same period in 2018 when the company incurred cost for network burst repairs and leakage reduction that were not repeated during the first half of 2019.

Profit before tax at the interim was up £1.2m to £5.8m after finance cost increased year-on-year £0.5m to £5.3m.