North West water and wastewater group United Utilties (UU) said revenues and profits are expected to be higher than the previous year, in a trading update today.
The statement, covering the six months to September 30, said group revenue is expected to be higher than the first half of last year, largely reflecting its allowed regulatory revenue changes.
Underlying operating profit for the first half of 2019/20 is expected to be higher than the first half of 2018/19, largely reflecting the higher revenue and lower infrastructure renewals expenditure.
Current trading is in line with group expectations.
Warrington-based UU said it also has the capacity to commit £350m of additional investment in the business.