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PRIVACY
Enterprise

United Utilities' half-year revenue jumps past 拢900m mark as profits also rise

The company said the increase in revenue was because of 'higher consumption as business activity returns to pre-pandemic levels'.

United Utilities is headquartered in Warrington(Image: Dominic Lipinski/PA Wire)

United Utilities' revenue jumped past the £900m mark while its pre-tax profits also increased during the first half of its financial year.

The Warrington-headquartered business has posted a revenue of £932.3m for the six months to the end of September 2021, up from the £894.4m it reported for the same period in 2020.

The company's pre-tax profits also rose from £201.1m to £212.7m.

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United Utilities said the increase in revenue was mainly because of "higher consumption as business activity returns to pre-pandemic levels".

Chief executive Steve Mogford said: "At a time when many families are struggling with a higher cost of living, we have reduced typical water bills for households in our region by 6% in real terms over the last two years.

"We're also offering more help than ever before for vulnerable customers and households that are struggling to pay.

"Climate change and population growth are challenges we must all confront, and we will continue to invest to make our services more resilient and strengthen our ability to respond to, and recover from, extreme weather events.