Highlights
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Good first six months: financial results in line with expectations |
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Capital investment on track to deliver AMP5 target of £2.6 billion; RCV1 still expected to be £7.8 billion at April 2015 |
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Good performance for customers: |
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Lowest average combined bills in the land for 2014/15 |
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Committed to launching new and enhanced social tariff scheme in April 2015 |
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Improving performance on many operational metrics - encouraging for new incentive regime starting April 2015 |
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Leakage and sewer flooding reduced in first six months of this year |
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More to do in other areas |
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Constructive dialogue continues with Ofwat ahead of final determination on 12 December |
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Progressing well with plans to deliver the efficiencies required in AMP6 |
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Investing early: £15 million of AMP6 capex brought forward to second half of this year |
Group results
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Underlying performance |
2014 |
2013 |
Increase/ |
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Six months ended 30 September |
|
|
(Decrease) |
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|
£m |
£m |
% |
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Group turnover |
947.6 |
922.4 |
2.7% |
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Underlying group PBIT |
274.9 |
266.9 |
3.0% |
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Underlying group profit before tax |
155.8 |
141.3 |
10.3% Adjusted basic EPS |
52.6 |
46.7 |
12.6% |
|
Interim dividend declared |
33.96 |
32.16 |
5.6% |
