logo
  

Pennon Group H1 Underlying Profit Before Tax Rises; Revenue Up 21.8%

Pennon Group PLC (PNN.L) said its first half results were in line with management expectations. The Group recorded growth of 21.8% in underlying revenue, with Bristol Water contributing 41.6 million pounds.

First half underlying profit before tax was 90.4 million pounds, up 4.3% from prior year. Basic adjusted earnings per share from continuing operations before exceptional items and deferred tax was 30.6 pence compared to 26.8 pence.

Profit before tax increased to 79.9 million pounds from 61.9 million pounds. Loss per share was 6.3 pence compared to profit of 12.0 pence.

Revenue was 389.3 million pounds compared to 319.7 million pounds, previous year. Organically, underlying revenues were up 8.8%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Swiss luxury goods group Compagnie Financiere Richemont AG reported Friday significantly higher profit in fiscal 2022 with strong growth in demand. The company also lifted its dividend, and announced a special dividend. Meanwhile, the shares were losing around 12 percent in the morning trading in Switzerland. Coeurd-Alene, Idaho-based White Cane Smoked Salmon LLC is recalling Wild Alaskan Cooked and Smoked Salmon as it contains undeclared wheat and soy, known allergens, the U.S. Food and Drug Administration said. The affected Alaskan Cooked and Smoked Salmon is packaged in vacuum bag, sold frozen, and there is no lot code or best by date on a package. Auto giant Ford Motor Co. (F) has issued a recall of about 39,000 2021 Expedition and Lincoln Navigator vehicles due to fire risk. The company has asked the customers of the recalled 2021 Ford Expedition and Lincoln Navigator SUVs to park their vehicles outside and away from structures while it investigates...
RELATED NEWS
Follow RTT