June 4, 2020 / 7:10 AM / 2 months ago

BRIEF-Pennon Posts FY Group & Viridor Underlying PBT Of £287.6 Mln And Continuing PBT Of £183 Mln

June 4 (Reuters) - Pennon Group PLC:

* FY GROUP AND VIRIDOR UNDERLYING PRETAX PROFIT ROSE 2.6 PERCENT TO 287.6 MILLION STG

* FY CONTINUING GROUP PROFIT BEFORE TAX REDUCES BY £8.7 MILLION FROM £191.7 MILLION TO £183.0 MILLION

* PENNON - FINANCIAL IMPACTS FOR 2019/20 FOCUSED ON EXPECTED CREDIT LOSSES (ECL) - RELATED TO CUSTOMER DEBT - PROVISION OF £9.0 MILLION ACROSS GROUP

* SALE OF VIRIDOR ON TRACK FOR EARLY SUMMER COMPLETION

* FY CONTINUING GROUP REVENUE UP MARGINALLY, FROM £632.6 MILLION TO £636.7 MILLION

* FY DIVIDEND PER SHARE UP +6.6% TO 43.77P.

* IMPACT FOR 2020/21 - ASSUMES A THREE MONTH LOCKDOWN WITH RAMP-UP OVER REMAINING YEAR

* PENNON WATER SERVICES NOT REQUIRING DEFERRAL OF WHOLESALE PAYMENTS AT THIS STAGE Source text for Eikon: Further company coverage:

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