Anglian Water has reported a year-on-year 75.9% drop in adjusted profit before tax to
£85.2m for the six months to 30 September 2021. It attributed the fall to the impact of inflation on inflation-linked borrowings.
The company reported a 3.5% increase operating profit to £395.8m. It said it was “on track for net outcome delivery incentive rewards.”
The company reported an 8.9% decrease in its fair value loss on derivatives to £91.6m driven by an increase in forward inflation curves compared to the same period in 2020.
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