United Utilities Group Plc (UUGRY.PK,UU.L), a UK-based regulated water and wastewater network operator, said the current trading is in line with the group's expectations for the year ending March 31, 2013, and is on track to deliver its 2010-15 regulatory outperformance targets and continues to drive improvements in customer service and operational effectiveness.
Revenue is likely to grow at a rate slightly below the allowed regulated price rise for 2012/13, chiefly reflecting the continuing impact of a tough economic climate on commercial volumes, as indicated earlier. Inspite of expected rises in depreciation, power and other costs, underlying operating profit for 2012/13 is projected to be slightly higher than 2011/12.
Moreover, United Utilities now expects to invest at least 750 million pounds in 2012/13, versus last year's 680 million pounds investment. The total effective tax rate for 2012/13 is expected to be broadly in line withthe mainstream rate of corporation tax of 24%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.