UNITED UTILITIES INTERIM MANAGEMENT STATEMENT
United Utilities today issues an interim management statement covering the period from 1 October 2011.
Trading update
Current trading is in line with the group's expectations of delivering a good underlying financial performance for 2011/12.
In the first half of 2011/12, revenue increased by around 4%, compared with the first half of last year, and this trend is continuing. As indicated previously, infrastructure renewals expenditure and depreciation are expected to be higher in the second half of 2011/12, compared with the first six months of the financial year, reflecting good progress on the capital investment programme and the impact of the transfer of private sewers.
In December 2011, the RPI inflation index for November 2011 was published and this annual inflation rate will be included in the allowed regulated price limits for the financial year starting 1 April 2012.
