November 21, 2018 / 7:16 AM / a month ago

United Utilities posts 23.7 pct jump in HY profit

Nov 21 (Reuters) - British water supplier United Utilities on Wednesday said first-half earnings jumped 23.7 percent due to incentives from the country’s regulator and lower costs.

Underlying pretax profit rose to 240.3 million pounds ($307.78 million) for the six months ended Sept. 30, from 194.3 million pounds reported in the year-earlier period, said the company, which supplies water in the North West of England.

$1 = 0.7808 pounds Reporting by Muvija M in Bengaluru; Editing by Bernard Orr

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