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Trading statements

United Utilities first-half trading in line with expectations

26 September 2017 07:11

United Utilities said current trading is in line with its expectations for the six months ending 30 September 2017.

Revenue is expected to be just under 3% higher than the first half of last year, reflecting regulatory revenue changes, partly offset by an accounting impact from the company's Water Plus business retail joint venture.

Underlying operating profit for the first half is expected to be higher than the previous corresponding period.

As the company continues to invest in its asset base, it expects a small increase in group net debt at 30 September 2017 compared with the position at 31 March 2017.

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Related Company: UU.

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