North West water and wastewater group United Utilities (UU) reported better interim revenues and pre-tax profits today.
Releasing its half year figures to September 30, the Warrington-based business achieved a turnover of £916.4m, compared with £876m last year.
Reported pre-tax profits of £260m were a £17m improvement on 2017 levels.
Shareholders will receive a proposed interim dividend of 13.76p per share, which is an increase of 3.9%, in line with the group’s dividend policy of targeting a growth rate of at least RPI inflation each year through to 2020, when its next five-year regulatory period begins.
UU said customers continued to be at the heart of its business, after delivering customer service improvements through innovation and strong operational performance.
These included being named the top water and wastewater company on the UKCSI customer satisfaction system, which is expected to result in a reward of £11m, or more, for the group.