September 25, 2019 / 6:28 AM / a month ago

United Utilities sees higher first-half profit; flags rising debt

Sept 25 (Reuters) - United Utilities Group Plc on Wednesday forecast higher underlying profit and revenue for the first half, but said it expects debt to rise because of a repayment of 100 million pounds to its pension scheme and the impact of new reporting standards.

The FTSE 100-listed utility said it expects net debt to increase by around 250 million pounds at Sept. 30 from the end of March when it stood at 7.07 billion pounds.

Reporting by Muvija M and Pushkala Aripaka in Bengaluru; Editing by Bernard Orr

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