logo
Plus   Neg
Share
Email

United Utilities Issues Trading Update - Quick Facts

United Utilities Group (UU.L,UUGRY.PK) said its current trading is in line with the group's expectations for the year ending 31 March 2020. The Group's underlying operating profit for 2019/20 is expected to be higher than 2018/19. Reported operating profit will be impacted by an accelerated depreciation charge of around 80 million pounds in relation to Bioresources assets. Group revenue is expected to be higher than last year, largely reflecting the allowed regulatory revenue changes.

United Utilities expects group net debt at 31 March 2020 to be broadly flat compared with the position as at 30 September 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Apotex Corp. recalled all lots of type 2 diabetes medication Metformin hydrochloride in the form of oral film-coated tablets for the potential presence of nitrosamine impurity, N-Nitrosodimethylamine (NDMA), above levels of the Acceptable Daily Intake Limit (ADI), the U.S. Food and Drug Administration or FDA said in a statement. Groupe Renault plans to cut about 14,600 jobs across the world and lower its production capacity. The plan includes almost 4,600 jobs reduction in France, through voluntary retirement and retraining. Amazon said it will convert 125,000 of the 175,000 temporary workers it hired in March amid the coronavirus pandemic, to permanent full-time employees in June. The e-commerce giant had hired the temporary employees in March to meet strong consumer demand amid the lockdown. The job openings were in Amazon's fulfillment centers and its delivery network.
RELATED NEWS
Follow RTT